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This property looks like a bad Long-Term investment with a projected -13.79% first-year return on $123k initial cash invested.
-13.79%
Cash On Cash
3.31%
Cap Rate
0.56
DSCR
$3,122
Rent
-$1,418
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,122 income − $4,540 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,876
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,122
Total Expenses
$4,540
Mortgage P&I
92%
$2,883
Property Taxes
18%
$560
Home Insurance
6%
$201
HOA
3%
$85
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0