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This property looks like a bad Long-Term investment with a projected -6.93% first-year return on $121k initial cash invested.
-6.93%
Cash On Cash
5.1%
Cap Rate
0.83
DSCR
$4,173
Rent
-$697
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,173 income − $4,870 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,173
Total Expenses
$4,870
Mortgage P&I
70%
$2,932
Property Taxes
16%
$652
Home Insurance
5%
$201
HOA
0%
$0
Property Management
10%
$417
CapEx
5%
$209
Vacancy
6%
$250
Maintenance
5%
$209
Other
0%
$0