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This property looks like a bad Long-Term investment with a projected -19.46% first-year return on $122k initial cash invested.
-19.46%
Cash On Cash
2.2%
Cap Rate
0.36
DSCR
$2,241
Rent
-$1,979
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,241 income − $4,220 expenses = $1,979 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,812
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,241
Total Expenses
$4,220
Mortgage P&I
131%
$2,934
Property Taxes
22%
$492
Home Insurance
9%
$210
HOA
0%
$2
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0