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This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $123k initial cash invested.
-16.48%
Cash On Cash
2.87%
Cap Rate
0.48
DSCR
$3,133
Rent
-$1,687
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,133 income − $4,820 expenses = $1,687 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,133
Total Expenses
$4,820
Mortgage P&I
94%
$2,931
Property Taxes
28%
$869
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0