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This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $137k initial cash invested.
-14.94%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$2,981
Rent
-$1,707
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,981 income − $4,688 expenses = $1,707 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$131k
Closing costs
1%
$6,529
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,981
Total Expenses
$4,688
Mortgage P&I
116%
$3,462
Property Taxes
7%
$215
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0