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This property looks like a bad Long-Term investment with a projected -13.04% first-year return on $129k initial cash invested.
-13.04%
Cash On Cash
3.4%
Cap Rate
0.58
DSCR
$2,975
Rent
-$1,401
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,975 income − $4,376 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,975
Total Expenses
$4,376
Mortgage P&I
101%
$2,992
Property Taxes
13%
$393
Home Insurance
7%
$217
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0