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This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $121k initial cash invested.
-12.03%
Cash On Cash
3.7%
Cap Rate
0.62
DSCR
$2,800
Rent
-$1,213
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,800 income − $4,013 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,764
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,800
Total Expenses
$4,013
Mortgage P&I
102%
$2,852
Property Taxes
8%
$223
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0