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This property looks like a bad Long-Term investment with a projected -20.72% first-year return on $122k initial cash invested.
-20.72%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$2,751
Rent
-$2,111
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,751 income − $4,862 expenses = $2,111 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,751
Total Expenses
$4,862
Mortgage P&I
114%
$3,138
Property Taxes
20%
$553
Home Insurance
8%
$210
HOA
9%
$245
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0