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This property looks like a bad Long-Term investment with a projected -22.99% first-year return on $294k initial cash invested.
-22.99%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$3,040
Rent
-$5,633
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,040 income − $8,673 expenses = $5,633 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,040
Total Expenses
$8,673
Mortgage P&I
236%
$7,189
Property Taxes
7%
$204
Home Insurance
16%
$490
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0