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This property looks like a bad Long-Term investment with a projected -14.35% first-year return on $119k initial cash invested.
-14.35%
Cash On Cash
3.24%
Cap Rate
0.54
DSCR
$2,456
Rent
-$1,429
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,456 income − $3,885 expenses = $1,429 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,456
Total Expenses
$3,885
Mortgage P&I
116%
$2,841
Property Taxes
6%
$151
Home Insurance
8%
$199
HOA
2%
$55
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0