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This property looks like a bad Long-Term investment with a projected -18.72% first-year return on $116k initial cash invested.
-18.72%
Cash On Cash
2.25%
Cap Rate
0.38
DSCR
$2,078
Rent
-$1,802
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,078 income − $3,880 expenses = $1,802 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,078
Total Expenses
$3,880
Mortgage P&I
131%
$2,730
Property Taxes
20%
$417
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0