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This property looks like a bad Long-Term investment with a projected -20.42% first-year return on $124k initial cash invested.
-20.42%
Cash On Cash
2%
Cap Rate
0.33
DSCR
$1,650
Rent
-$2,108
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,650 income − $3,758 expenses = $2,108 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,650
Total Expenses
$3,758
Mortgage P&I
182%
$3,010
Property Taxes
7%
$114
Home Insurance
12%
$206
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0