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This property looks like a bad Long-Term investment with a projected -14.85% first-year return on $123k initial cash invested.
-14.85%
Cash On Cash
3.11%
Cap Rate
0.52
DSCR
$2,581
Rent
-$1,520
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,581 income − $4,101 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,847
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,581
Total Expenses
$4,101
Mortgage P&I
113%
$2,907
Property Taxes
12%
$313
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0