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This property looks like a bad Long-Term investment with a projected -23.04% first-year return on $122k initial cash invested.
-23.04%
Cash On Cash
1.54%
Cap Rate
0.25
DSCR
$2,677
Rent
-$2,339
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,677 income − $5,016 expenses = $2,339 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,677
Total Expenses
$5,016
Mortgage P&I
110%
$2,950
Property Taxes
17%
$456
Home Insurance
7%
$196
HOA
27%
$717
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0