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This property looks like a bad Long-Term investment with a projected -3.6% first-year return on $47,040 initial cash invested.
-3.6%
Cash On Cash
6.29%
Cap Rate
0.96
DSCR
$1,882
Rent
-$141
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,882 income − $2,023 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,882
Total Expenses
$2,023
Mortgage P&I
65%
$1,222
Property Taxes
12%
$234
Home Insurance
4%
$78
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0