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This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $123k initial cash invested.
-8.94%
Cash On Cash
4.29%
Cap Rate
0.73
DSCR
$3,109
Rent
-$919
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,109 income − $4,028 expenses = $919 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,109
Total Expenses
$4,028
Mortgage P&I
92%
$2,864
Property Taxes
1%
$36
Home Insurance
10%
$320
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$187
Maintenance
5%
$155
Other
0%
$0