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This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $122k initial cash invested.
-12.09%
Cash On Cash
3.77%
Cap Rate
0.63
DSCR
$2,904
Rent
-$1,227
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,904 income − $4,131 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,904
Total Expenses
$4,131
Mortgage P&I
100%
$2,904
Property Taxes
9%
$268
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0