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This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $146k initial cash invested.
-16.25%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,985
Rent
-$1,984
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,985 income − $4,969 expenses = $1,984 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$140k
Closing costs
1%
$6,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,985
Total Expenses
$4,969
Mortgage P&I
120%
$3,580
Property Taxes
12%
$360
Home Insurance
8%
$251
HOA
0%
$3
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0