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This property looks like a bad Long-Term investment with a projected -18.92% first-year return on $119k initial cash invested.
-18.92%
Cash On Cash
2.2%
Cap Rate
0.37
DSCR
$2,020
Rent
-$1,884
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,020 income − $3,904 expenses = $1,884 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$3,904
Mortgage P&I
140%
$2,824
Property Taxes
10%
$209
Home Insurance
10%
$199
HOA
7%
$147
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0