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This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $124k initial cash invested.
-15.02%
Cash On Cash
3.22%
Cap Rate
0.53
DSCR
$3,046
Rent
-$1,553
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,046 income − $4,599 expenses = $1,553 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,046
Total Expenses
$4,599
Mortgage P&I
98%
$2,987
Property Taxes
20%
$620
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0