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This property looks like a bad Long-Term investment with a projected -22.79% first-year return on $130k initial cash invested.
-22.79%
Cash On Cash
1.32%
Cap Rate
0.22
DSCR
$2,024
Rent
-$2,473
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,024 income − $4,497 expenses = $2,473 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,024
Total Expenses
$4,497
Mortgage P&I
151%
$3,056
Property Taxes
34%
$689
Home Insurance
11%
$227
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0