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This property looks like a bad Long-Term investment with a projected -20.9% first-year return on $124k initial cash invested.
-20.9%
Cash On Cash
2.01%
Cap Rate
0.33
DSCR
$2,322
Rent
-$2,156
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,322 income − $4,478 expenses = $2,156 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,322
Total Expenses
$4,478
Mortgage P&I
130%
$3,027
Property Taxes
28%
$642
Home Insurance
9%
$206
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0