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This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $116k initial cash invested.
-16.63%
Cash On Cash
2.88%
Cap Rate
0.48
DSCR
$3,223
Rent
-$1,601
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,223 income − $4,824 expenses = $1,601 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,223
Total Expenses
$4,824
Mortgage P&I
86%
$2,758
Property Taxes
24%
$772
Home Insurance
6%
$192
HOA
8%
$265
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0