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This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $124k initial cash invested.
-13.06%
Cash On Cash
3.6%
Cap Rate
0.6
DSCR
$2,897
Rent
-$1,345
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,897 income − $4,242 expenses = $1,345 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%
$5,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,897
Total Expenses
$4,242
Mortgage P&I
102%
$2,964
Property Taxes
11%
$314
Home Insurance
7%
$210
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0