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This property looks like a bad Long-Term investment with a projected -24.99% first-year return on $118k initial cash invested.
-24.99%
Cash On Cash
1.62%
Cap Rate
0.25
DSCR
$2,837
Rent
-$2,449
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,837 income − $5,286 expenses = $2,449 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,837
Total Expenses
$5,286
Mortgage P&I
108%
$3,063
Property Taxes
35%
$991
Home Insurance
7%
$196
HOA
11%
$298
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0