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This property looks like a bad Long-Term investment with a projected -15.84% first-year return on $123k initial cash invested.
-15.84%
Cash On Cash
3.17%
Cap Rate
0.51
DSCR
$2,260
Rent
-$1,622
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,260 income − $3,882 expenses = $1,622 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,260
Total Expenses
$3,882
Mortgage P&I
135%
$3,055
Property Taxes
1%
$17
Home Insurance
9%
$205
HOA
1%
$17
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0