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This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $119k initial cash invested.
-15.62%
Cash On Cash
2.96%
Cap Rate
0.49
DSCR
$2,180
Rent
-$1,544
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,180 income − $3,724 expenses = $1,544 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,180
Total Expenses
$3,724
Mortgage P&I
130%
$2,829
Property Taxes
6%
$130
Home Insurance
9%
$198
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0