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This property looks like a bad Long-Term investment with a projected -6.3% first-year return on $124k initial cash invested.
-6.3%
Cash On Cash
5.08%
Cap Rate
0.85
DSCR
$4,162
Rent
-$649
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,162 income − $4,811 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,883
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,162
Total Expenses
$4,811
Mortgage P&I
70%
$2,932
Property Taxes
14%
$573
Home Insurance
5%
$224
HOA
0%
$0
Property Management
10%
$416
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0