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This property looks like a bad Long-Term investment with a projected -17.07% first-year return on $124k initial cash invested.
-17.07%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$2,900
Rent
-$1,766
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,900 income − $4,666 expenses = $1,766 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,900
Total Expenses
$4,666
Mortgage P&I
112%
$3,253
Property Taxes
15%
$446
Home Insurance
7%
$213
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0