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This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $129k initial cash invested.
-16.14%
Cash On Cash
2.92%
Cap Rate
0.48
DSCR
$2,421
Rent
-$1,738
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,421 income − $4,159 expenses = $1,738 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,421
Total Expenses
$4,159
Mortgage P&I
129%
$3,116
Property Taxes
8%
$195
Home Insurance
9%
$219
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0