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This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $121k initial cash invested.
-14.86%
Cash On Cash
3.23%
Cap Rate
0.54
DSCR
$2,996
Rent
-$1,495
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,996 income − $4,491 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$4,491
Mortgage P&I
97%
$2,895
Property Taxes
21%
$615
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0