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This property looks like a bad Long-Term investment with a projected -16.02% first-year return on $124k initial cash invested.
-16.02%
Cash On Cash
2.9%
Cap Rate
0.48
DSCR
$2,262
Rent
-$1,654
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,262 income − $3,916 expenses = $1,654 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,262
Total Expenses
$3,916
Mortgage P&I
131%
$2,967
Property Taxes
7%
$155
Home Insurance
9%
$206
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0