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This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $116k initial cash invested.
-14.25%
Cash On Cash
3.02%
Cap Rate
0.53
DSCR
$2,561
Rent
-$1,374
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,561 income − $3,935 expenses = $1,374 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,508
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,561
Total Expenses
$3,935
Mortgage P&I
103%
$2,631
Property Taxes
17%
$442
Home Insurance
8%
$196
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0