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This property looks like a bad Long-Term investment with a projected -22.74% first-year return on $129k initial cash invested.
-22.74%
Cash On Cash
1.37%
Cap Rate
0.23
DSCR
$2,050
Rent
-$2,440
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,050 income − $4,490 expenses = $2,440 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$4,490
Mortgage P&I
148%
$3,036
Property Taxes
29%
$590
Home Insurance
16%
$332
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0