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This property looks like a bad Long-Term investment with a projected -14.38% first-year return on $131k initial cash invested.
-14.38%
Cash On Cash
3.24%
Cap Rate
0.54
DSCR
$2,970
Rent
-$1,567
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,970 income − $4,537 expenses = $1,567 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$125k
Closing costs
1%
$6,226
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,970
Total Expenses
$4,537
Mortgage P&I
104%
$3,102
Property Taxes
15%
$436
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0