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This property looks like a bad Long-Term investment with a projected -15.7% first-year return on $123k initial cash invested.
-15.7%
Cash On Cash
2.91%
Cap Rate
0.49
DSCR
$2,555
Rent
-$1,615
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,555 income − $4,170 expenses = $1,615 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,878
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,555
Total Expenses
$4,170
Mortgage P&I
114%
$2,911
Property Taxes
10%
$260
Home Insurance
8%
$210
HOA
5%
$124
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0