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This property looks like a bad Long-Term investment with a projected -10.48% first-year return on $124k initial cash invested.
-10.48%
Cash On Cash
4%
Cap Rate
0.68
DSCR
$3,288
Rent
-$1,080
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,288 income − $4,368 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,288
Total Expenses
$4,368
Mortgage P&I
88%
$2,877
Property Taxes
13%
$431
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0