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This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $240k initial cash invested.
-19.22%
Cash On Cash
2.4%
Cap Rate
0.39
DSCR
$6,374
Rent
-$3,844
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,374 income − $10,218 expenses = $3,844 out of pocket
Investment Breakdown
|
Purchase Price
$1143k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$229k
Closing costs
1%
$11,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,374
Total Expenses
$10,218
Mortgage P&I
91%
$5,810
Property Taxes
26%
$1,654
Home Insurance
7%
$420
HOA
11%
$677
Property Management
10%
$637
CapEx
5%
$319
Vacancy
6%
$382
Maintenance
5%
$319
Other
0%
$0