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This property looks like a bad Long-Term investment with a projected -23.36% first-year return on $116k initial cash invested.
-23.36%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$2,050
Rent
-$2,253
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,050 income − $4,303 expenses = $2,253 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,511
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$4,303
Mortgage P&I
146%
$2,997
Property Taxes
21%
$426
Home Insurance
10%
$199
HOA
7%
$149
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0