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This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $124k initial cash invested.
-14.37%
Cash On Cash
3.11%
Cap Rate
0.53
DSCR
$2,489
Rent
-$1,484
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
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Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,489
Total Expenses
$3,973
Mortgage P&I
116%
$2,891
Property Taxes
9%
$226
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0