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This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $124k initial cash invested.
-16.09%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$2,953
Rent
-$1,656
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,953 income − $4,609 expenses = $1,656 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,953
Total Expenses
$4,609
Mortgage P&I
110%
$3,252
Property Taxes
13%
$370
Home Insurance
7%
$208
HOA
0%
$11
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0