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This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $144k initial cash invested.
-15.01%
Cash On Cash
3.04%
Cap Rate
0.51
DSCR
$2,630
Rent
-$1,800
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,630 income − $4,430 expenses = $1,800 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,851
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,630
Total Expenses
$4,430
Mortgage P&I
129%
$3,401
Property Taxes
4%
$99
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0