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This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $124k initial cash invested.
-6.73%
Cash On Cash
5.32%
Cap Rate
0.84
DSCR
$4,195
Rent
-$693
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,195 income − $4,888 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,195
Total Expenses
$4,888
Mortgage P&I
74%
$3,088
Property Taxes
12%
$498
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0