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This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $116k initial cash invested.
-12.63%
Cash On Cash
3.9%
Cap Rate
0.62
DSCR
$2,600
Rent
-$1,216
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,600 income − $3,816 expenses = $1,216 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,600
Total Expenses
$3,816
Mortgage P&I
110%
$2,872
Property Taxes
3%
$76
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0