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This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $124k initial cash invested.
-13.33%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$3,184
Rent
-$1,377
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,184 income − $4,561 expenses = $1,377 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,184
Total Expenses
$4,561
Mortgage P&I
94%
$2,984
Property Taxes
17%
$544
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0