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This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $122k initial cash invested.
-8.62%
Cash On Cash
4.5%
Cap Rate
0.75
DSCR
$3,088
Rent
-$875
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,088 income − $3,963 expenses = $875 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,088
Total Expenses
$3,963
Mortgage P&I
94%
$2,896
Property Taxes
2%
$50
Home Insurance
7%
$215
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0