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This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $115k initial cash invested.
-18.35%
Cash On Cash
2.42%
Cap Rate
0.4
DSCR
$2,624
Rent
-$1,766
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,624 income − $4,390 expenses = $1,766 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$110k
Closing costs
1%
$5,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,624
Total Expenses
$4,390
Mortgage P&I
105%
$2,743
Property Taxes
30%
$774
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0