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This property looks like a bad Long-Term investment with a projected -17.24% first-year return on $116k initial cash invested.
-17.24%
Cash On Cash
2.75%
Cap Rate
0.45
DSCR
$2,290
Rent
-$1,659
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,290 income − $3,949 expenses = $1,659 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,290
Total Expenses
$3,949
Mortgage P&I
122%
$2,804
Property Taxes
16%
$359
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0