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This property looks like a bad Long-Term investment with a projected -20.87% first-year return on $121k initial cash invested.
-20.87%
Cash On Cash
1.92%
Cap Rate
0.32
DSCR
$2,009
Rent
-$2,100
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,009 income − $4,109 expenses = $2,100 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,009
Total Expenses
$4,109
Mortgage P&I
145%
$2,920
Property Taxes
23%
$466
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0