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This property looks like a bad Long-Term investment with a projected -24.05% first-year return on $149k initial cash invested.
-24.05%
Cash On Cash
1.63%
Cap Rate
0.25
DSCR
$2,472
Rent
-$2,990
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,472 income − $5,462 expenses = $2,990 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,105
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,472
Total Expenses
$5,462
Mortgage P&I
155%
$3,834
Property Taxes
30%
$731
Home Insurance
10%
$254
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0