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This property looks like a bad Long-Term investment with a projected -15.72% first-year return on $124k initial cash invested.
-15.72%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$2,518
Rent
-$1,623
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,518 income − $4,141 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,518
Total Expenses
$4,141
Mortgage P&I
119%
$3,002
Property Taxes
11%
$278
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0