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This property looks like a bad Long-Term investment with a projected -24.55% first-year return on $144k initial cash invested.
-24.55%
Cash On Cash
1.54%
Cap Rate
0.24
DSCR
$2,054
Rent
-$2,943
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,054 income − $4,997 expenses = $2,943 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,054
Total Expenses
$4,997
Mortgage P&I
181%
$3,720
Property Taxes
24%
$503
Home Insurance
12%
$240
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0