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This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $122k initial cash invested.
-12.85%
Cash On Cash
3.6%
Cap Rate
0.6
DSCR
$2,584
Rent
-$1,304
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,584 income − $3,888 expenses = $1,304 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%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,584
Total Expenses
$3,888
Mortgage P&I
113%
$2,915
Property Taxes
1%
$14
Home Insurance
8%
$203
HOA
3%
$85
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0