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This property looks like a bad Long-Term investment with a projected -16.24% first-year return on $116k initial cash invested.
-16.24%
Cash On Cash
3.05%
Cap Rate
0.49
DSCR
$2,659
Rent
-$1,571
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,659 income − $4,230 expenses = $1,571 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,527
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,659
Total Expenses
$4,230
Mortgage P&I
107%
$2,843
Property Taxes
19%
$499
Home Insurance
7%
$196
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0