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This property looks like a bad Long-Term investment with a projected -21.16% first-year return on $123k initial cash invested.
-21.16%
Cash On Cash
1.96%
Cap Rate
0.32
DSCR
$3,123
Rent
-$2,176
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,123 income − $5,299 expenses = $2,176 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,123
Total Expenses
$5,299
Mortgage P&I
95%
$2,982
Property Taxes
32%
$984
Home Insurance
6%
$182
HOA
11%
$340
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0