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This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $124k initial cash invested.
-18.62%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$2,454
Rent
-$1,919
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,454 income − $4,373 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,454
Total Expenses
$4,373
Mortgage P&I
132%
$3,244
Property Taxes
12%
$285
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0