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This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $123k initial cash invested.
-10.73%
Cash On Cash
4.11%
Cap Rate
0.68
DSCR
$2,901
Rent
-$1,098
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,901 income − $3,999 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$3,999
Mortgage P&I
102%
$2,955
Property Taxes
3%
$85
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0