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This property looks like a bad Long-Term investment with a projected -22.35% first-year return on $121k initial cash invested.
-22.35%
Cash On Cash
1.93%
Cap Rate
0.3
DSCR
$2,026
Rent
-$2,249
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,026 income − $4,275 expenses = $2,249 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,026
Total Expenses
$4,275
Mortgage P&I
152%
$3,074
Property Taxes
23%
$473
Home Insurance
10%
$201
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0