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This property looks like a bad Long-Term investment with a projected -20.27% first-year return on $124k initial cash invested.
-20.27%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$2,799
Rent
-$2,090
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,799 income − $4,889 expenses = $2,090 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,799
Total Expenses
$4,889
Mortgage P&I
107%
$2,989
Property Taxes
31%
$871
Home Insurance
8%
$212
HOA
3%
$89
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0