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This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $124k initial cash invested.
-20.24%
Cash On Cash
2.13%
Cap Rate
0.35
DSCR
$2,958
Rent
-$2,089
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,958 income − $5,047 expenses = $2,089 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,958
Total Expenses
$5,047
Mortgage P&I
101%
$2,989
Property Taxes
27%
$803
Home Insurance
7%
$209
HOA
9%
$277
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0