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This property looks like a bad Long-Term investment with a projected -15.4% first-year return on $124k initial cash invested.
-15.4%
Cash On Cash
3.24%
Cap Rate
0.52
DSCR
$2,416
Rent
-$1,587
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,416 income − $4,003 expenses = $1,587 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,416
Total Expenses
$4,003
Mortgage P&I
126%
$3,056
Property Taxes
4%
$104
Home Insurance
9%
$206
HOA
0%
$8
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0