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This property looks like a bad Long-Term investment with a projected -18.57% first-year return on $185k initial cash invested.
-18.57%
Cash On Cash
2.4%
Cap Rate
0.4
DSCR
$3,593
Rent
-$2,861
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,593 income − $6,454 expenses = $2,861 out of pocket
Investment Breakdown
|
Purchase Price
$881k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,805
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,593
Total Expenses
$6,454
Mortgage P&I
124%
$4,439
Property Taxes
21%
$767
Home Insurance
9%
$313
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0