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This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $119k initial cash invested.
-13.24%
Cash On Cash
3.67%
Cap Rate
0.6
DSCR
$2,980
Rent
-$1,312
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,980 income − $4,292 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,661
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,980
Total Expenses
$4,292
Mortgage P&I
97%
$2,893
Property Taxes
14%
$407
Home Insurance
7%
$200
HOA
1%
$17
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0