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This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $73,500 initial cash invested.
-16.54%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$2,423
Rent
-$1,013
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,423 income − $3,436 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,423
Total Expenses
$3,436
Mortgage P&I
74%
$1,793
Property Taxes
22%
$523
Home Insurance
5%
$126
HOA
15%
$365
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0