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This property looks like a bad Long-Term investment with a projected -16.24% first-year return on $139k initial cash invested.
-16.24%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,988
Rent
-$1,876
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,988 income − $4,864 expenses = $1,876 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$132k
Closing costs
1%
$6,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,988
Total Expenses
$4,864
Mortgage P&I
113%
$3,376
Property Taxes
16%
$476
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0