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This property looks like a bad Long-Term investment with a projected -16.71% first-year return on $121k initial cash invested.
-16.71%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$2,803
Rent
-$1,690
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,803 income − $4,493 expenses = $1,690 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$116k
Closing costs
1%
$5,780
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,803
Total Expenses
$4,493
Mortgage P&I
105%
$2,947
Property Taxes
11%
$304
Home Insurance
7%
$208
HOA
11%
$306
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0