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This property looks like a bad Long-Term investment with a projected -16.28% first-year return on $124k initial cash invested.
-16.28%
Cash On Cash
2.85%
Cap Rate
0.47
DSCR
$2,603
Rent
-$1,676
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,603 income − $4,279 expenses = $1,676 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,603
Total Expenses
$4,279
Mortgage P&I
113%
$2,941
Property Taxes
18%
$456
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0