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This property looks like a bad Long-Term investment with a projected -16.53% first-year return on $119k initial cash invested.
-16.53%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$2,402
Rent
-$1,643
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,402 income − $4,045 expenses = $1,643 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,402
Total Expenses
$4,045
Mortgage P&I
120%
$2,894
Property Taxes
14%
$326
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0