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This property looks like a bad Long-Term investment with a projected -14.54% first-year return on $240k initial cash invested.
-14.54%
Cash On Cash
3.17%
Cap Rate
0.53
DSCR
$4,949
Rent
-$2,911
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,949 income − $7,860 expenses = $2,911 out of pocket
Investment Breakdown
|
Purchase Price
$1144k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$229k
Closing costs
1%
$11,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,949
Total Expenses
$7,860
Mortgage P&I
115%
$5,683
Property Taxes
10%
$481
Home Insurance
8%
$410
HOA
0%
$0
Property Management
10%
$495
CapEx
5%
$247
Vacancy
6%
$297
Maintenance
5%
$247
Other
0%
$0