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This property looks like a bad Long-Term investment with a projected -20.42% first-year return on $129k initial cash invested.
-20.42%
Cash On Cash
2.21%
Cap Rate
0.35
DSCR
$2,393
Rent
-$2,198
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,393 income − $4,591 expenses = $2,198 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$123k
Closing costs
1%
$6,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,393
Total Expenses
$4,591
Mortgage P&I
134%
$3,211
Property Taxes
14%
$329
Home Insurance
17%
$411
HOA
1%
$17
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0