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This property looks like a bad Long-Term investment with a projected -23% first-year return on $2179k initial cash invested.
-23%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$22,118
Rent
-$41,758
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$22,118 income − $63,876 expenses = $41,758 out of pocket
Investment Breakdown
|
Purchase Price
$10375k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$2179k
Downpayment
20%
$2075k
Closing costs
1%
$104k
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$22,118
Total Expenses
$63,876
Mortgage P&I
238%
$52,708
Property Taxes
8%
$1,786
Home Insurance
16%
$3,631
HOA
0%
$0
Property Management
10%
$2,212
CapEx
5%
$1,106
Vacancy
6%
$1,327
Maintenance
5%
$1,106
Other
0%
$0