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This property looks like a bad Long-Term investment with a projected -19.79% first-year return on $124k initial cash invested.
-19.79%
Cash On Cash
2%
Cap Rate
0.34
DSCR
$2,055
Rent
-$2,040
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,055 income − $4,095 expenses = $2,040 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,055
Total Expenses
$4,095
Mortgage P&I
142%
$2,917
Property Taxes
21%
$437
Home Insurance
10%
$206
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0