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This property looks like a bad Long-Term investment with a projected -15.53% first-year return on $124k initial cash invested.
-15.53%
Cash On Cash
2.97%
Cap Rate
0.5
DSCR
$2,866
Rent
-$1,600
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,866 income − $4,466 expenses = $1,600 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%
$5,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,866
Total Expenses
$4,466
Mortgage P&I
102%
$2,913
Property Taxes
16%
$448
Home Insurance
7%
$210
HOA
5%
$150
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0