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This property looks like a bad Long-Term investment with a projected -11.96% first-year return on $124k initial cash invested.
-11.96%
Cash On Cash
3.93%
Cap Rate
0.65
DSCR
$3,707
Rent
-$1,233
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,707 income − $4,940 expenses = $1,233 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%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,707
Total Expenses
$4,940
Mortgage P&I
80%
$2,978
Property Taxes
22%
$807
Home Insurance
5%
$192
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0