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This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $146k initial cash invested.
-16.51%
Cash On Cash
3.15%
Cap Rate
0.5
DSCR
$3,489
Rent
-$2,010
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,489 income − $5,499 expenses = $2,010 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,957
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,489
Total Expenses
$5,499
Mortgage P&I
105%
$3,660
Property Taxes
20%
$688
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0