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This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $116k initial cash invested.
-16.54%
Cash On Cash
2.7%
Cap Rate
0.46
DSCR
$2,219
Rent
-$1,601
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,219 income − $3,820 expenses = $1,601 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%
$5,532
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,219
Total Expenses
$3,820
Mortgage P&I
123%
$2,737
Property Taxes
12%
$256
Home Insurance
9%
$198
HOA
2%
$52
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0