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This property looks like a bad Long-Term investment with a projected -20.05% first-year return on $124k initial cash invested.
-20.05%
Cash On Cash
3.01%
Cap Rate
0.44
DSCR
$3,340
Rent
-$2,065
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,340 income − $5,405 expenses = $2,065 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,340
Total Expenses
$5,405
Mortgage P&I
101%
$3,376
Property Taxes
28%
$951
Home Insurance
6%
$210
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0