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This property looks like a bad Long-Term investment with a projected -21.76% first-year return on $123k initial cash invested.
-21.76%
Cash On Cash
1.84%
Cap Rate
0.3
DSCR
$2,188
Rent
-$2,228
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,188 income − $4,416 expenses = $2,228 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,188
Total Expenses
$4,416
Mortgage P&I
138%
$3,017
Property Taxes
29%
$626
Home Insurance
9%
$205
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0