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This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $124k initial cash invested.
-11.62%
Cash On Cash
3.8%
Cap Rate
0.64
DSCR
$3,090
Rent
-$1,203
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,090 income − $4,293 expenses = $1,203 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,090
Total Expenses
$4,293
Mortgage P&I
95%
$2,922
Property Taxes
12%
$359
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0