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This property looks like a bad Long-Term investment with a projected -23.65% first-year return on $462k initial cash invested.
-23.65%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$7,253
Rent
-$9,104
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,253 income − $16,357 expenses = $9,104 out of pocket
Investment Breakdown
|
Purchase Price
$2200k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$462k
Downpayment
20%
$440k
Closing costs
1%
$22,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,253
Total Expenses
$16,357
Mortgage P&I
160%
$11,593
Property Taxes
29%
$2,108
Home Insurance
11%
$770
HOA
0%
$0
Property Management
10%
$725
CapEx
5%
$363
Vacancy
6%
$435
Maintenance
5%
$363
Other
0%
$0