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This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $116k initial cash invested.
-12.75%
Cash On Cash
3.54%
Cap Rate
0.6
DSCR
$2,824
Rent
-$1,229
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,824 income − $4,053 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,824
Total Expenses
$4,053
Mortgage P&I
96%
$2,713
Property Taxes
13%
$353
Home Insurance
9%
$254
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0