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This property looks like a bad Long-Term investment with a projected -16.71% first-year return on $123k initial cash invested.
-16.71%
Cash On Cash
2.88%
Cap Rate
0.47
DSCR
$2,801
Rent
-$1,714
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,801 income − $4,515 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,863
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,801
Total Expenses
$4,515
Mortgage P&I
106%
$2,980
Property Taxes
9%
$251
Home Insurance
7%
$208
HOA
12%
$348
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0