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This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $188k initial cash invested.
-18.04%
Cash On Cash
2.42%
Cap Rate
0.41
DSCR
$3,690
Rent
-$2,821
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,690 income − $6,511 expenses = $2,821 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,690
Total Expenses
$6,511
Mortgage P&I
120%
$4,438
Property Taxes
22%
$800
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0