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This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $124k initial cash invested.
-13.63%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,878
Rent
-$1,406
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,878 income − $4,284 expenses = $1,406 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,878
Total Expenses
$4,284
Mortgage P&I
112%
$3,223
Property Taxes
3%
$95
Home Insurance
8%
$217
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0