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This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $121k initial cash invested.
-18.41%
Cash On Cash
2.39%
Cap Rate
0.4
DSCR
$2,856
Rent
-$1,861
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,856 income − $4,717 expenses = $1,861 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,776
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,856
Total Expenses
$4,717
Mortgage P&I
100%
$2,866
Property Taxes
31%
$898
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0