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This property looks like a bad Long-Term investment with a projected -17.03% first-year return on $122k initial cash invested.
-17.03%
Cash On Cash
2.61%
Cap Rate
0.44
DSCR
$2,198
Rent
-$1,726
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,198 income − $3,924 expenses = $1,726 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$3,924
Mortgage P&I
131%
$2,873
Property Taxes
12%
$269
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0