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This property looks like a bad Long-Term investment with a projected -19.6% first-year return on $424k initial cash invested.
-19.6%
Cash On Cash
2.23%
Cap Rate
0.36
DSCR
$6,571
Rent
-$6,926
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,571 income − $13,497 expenses = $6,926 out of pocket
Investment Breakdown
|
Purchase Price
$2019k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$424k
Downpayment
20%
$404k
Closing costs
1%
$20,194
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,571
Total Expenses
$13,497
Mortgage P&I
158%
$10,353
Property Taxes
10%
$652
Home Insurance
12%
$770
HOA
0%
$13
Property Management
10%
$657
CapEx
5%
$329
Vacancy
6%
$394
Maintenance
5%
$329
Other
0%
$0