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This property looks like a bad Long-Term investment with a projected -18.7% first-year return on $124k initial cash invested.
-18.7%
Cash On Cash
2.47%
Cap Rate
0.41
DSCR
$3,337
Rent
-$1,927
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,337 income − $5,264 expenses = $1,927 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,337
Total Expenses
$5,264
Mortgage P&I
89%
$2,970
Property Taxes
23%
$784
Home Insurance
6%
$212
HOA
13%
$430
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0