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This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $123k initial cash invested.
-13.63%
Cash On Cash
3.5%
Cap Rate
0.58
DSCR
$2,872
Rent
-$1,401
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,872 income − $4,273 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,873
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,872
Total Expenses
$4,273
Mortgage P&I
103%
$2,972
Property Taxes
12%
$335
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0