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This property looks like a bad Long-Term investment with a projected -3.6% first-year return on $116k initial cash invested.
-3.6%
Cash On Cash
5.55%
Cap Rate
0.94
DSCR
$3,616
Rent
-$348
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,616 income − $3,964 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$553k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$111k
Closing costs
1%
$5,526
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,616
Total Expenses
$3,964
Mortgage P&I
75%
$2,725
Property Taxes
1%
$30
Home Insurance
6%
$205
HOA
2%
$63
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0