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This property looks like a bad Long-Term investment with a projected -2.94% first-year return on $149k initial cash invested.
-2.94%
Cash On Cash
6%
Cap Rate
0.97
DSCR
$5,451
Rent
-$365
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,451 income − $5,816 expenses = $365 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,095
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,451
Total Expenses
$5,816
Mortgage P&I
67%
$3,637
Property Taxes
9%
$509
Home Insurance
5%
$252
HOA
0%
$0
Property Management
10%
$545
CapEx
5%
$273
Vacancy
6%
$327
Maintenance
5%
$273
Other
0%
$0