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This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $116k initial cash invested.
-16.73%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$2,386
Rent
-$1,618
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,386 income − $4,004 expenses = $1,618 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,386
Total Expenses
$4,004
Mortgage P&I
126%
$3,011
Property Taxes
7%
$174
Home Insurance
8%
$199
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0