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This property looks like a bad Long-Term investment with a projected -21.45% first-year return on $116k initial cash invested.
-21.45%
Cash On Cash
1.99%
Cap Rate
0.32
DSCR
$2,352
Rent
-$2,065
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,352 income − $4,417 expenses = $2,065 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,352
Total Expenses
$4,417
Mortgage P&I
122%
$2,860
Property Taxes
32%
$753
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0