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This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $124k initial cash invested.
-15.98%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,280
Rent
-$1,650
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,280 income − $3,930 expenses = $1,650 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,280
Total Expenses
$3,930
Mortgage P&I
132%
$3,011
Property Taxes
5%
$120
Home Insurance
9%
$206
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0