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This property looks like a bad Long-Term investment with a projected -16.28% first-year return on $122k initial cash invested.
-16.28%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$2,354
Rent
-$1,661
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,354 income − $4,015 expenses = $1,661 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$117k
Closing costs
1%
$5,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,354
Total Expenses
$4,015
Mortgage P&I
126%
$2,973
Property Taxes
7%
$174
Home Insurance
9%
$204
HOA
2%
$52
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0