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This property looks like a bad Long-Term investment with a projected -20.99% first-year return on $118k initial cash invested.
-20.99%
Cash On Cash
1.9%
Cap Rate
0.31
DSCR
$2,056
Rent
-$2,070
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,056 income − $4,126 expenses = $2,070 out of pocket
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$113k
Closing costs
1%
$5,634
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,056
Total Expenses
$4,126
Mortgage P&I
139%
$2,861
Property Taxes
25%
$514
Home Insurance
10%
$210
HOA
0%
$6
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0