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This property looks like a bad Long-Term investment with a projected -16.58% first-year return on $129k initial cash invested.
-16.58%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$3,005
Rent
-$1,779
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,005 income − $4,784 expenses = $1,779 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,005
Total Expenses
$4,784
Mortgage P&I
104%
$3,116
Property Taxes
22%
$671
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0