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This property looks like a bad Long-Term investment with a projected -15.04% first-year return on $131k initial cash invested.
-15.04%
Cash On Cash
3.15%
Cap Rate
0.52
DSCR
$2,999
Rent
-$1,638
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,999 income − $4,637 expenses = $1,638 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$131k
Downpayment
20%
$124k
Closing costs
1%
$6,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,999
Total Expenses
$4,637
Mortgage P&I
104%
$3,123
Property Taxes
12%
$372
Home Insurance
7%
$212
HOA
5%
$150
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0