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This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $116k initial cash invested.
-17.25%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$3,026
Rent
-$1,660
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,026 income − $4,686 expenses = $1,660 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,026
Total Expenses
$4,686
Mortgage P&I
99%
$2,995
Property Taxes
10%
$298
Home Insurance
6%
$192
HOA
14%
$414
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0