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This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $124k initial cash invested.
-12.19%
Cash On Cash
3.96%
Cap Rate
0.64
DSCR
$3,497
Rent
-$1,259
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,497 income − $4,756 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,497
Total Expenses
$4,756
Mortgage P&I
87%
$3,033
Property Taxes
18%
$638
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0