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This property looks like a bad Long-Term investment with a projected -18.75% first-year return on $121k initial cash invested.
-18.75%
Cash On Cash
2.31%
Cap Rate
0.38
DSCR
$2,087
Rent
-$1,887
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,087 income − $3,974 expenses = $1,887 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,087
Total Expenses
$3,974
Mortgage P&I
138%
$2,888
Property Taxes
16%
$343
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0