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This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $122k initial cash invested.
-11.93%
Cash On Cash
3.82%
Cap Rate
0.63
DSCR
$2,995
Rent
-$1,217
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,995 income − $4,212 expenses = $1,217 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$117k
Closing costs
1%
$5,831
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,995
Total Expenses
$4,212
Mortgage P&I
98%
$2,921
Property Taxes
10%
$305
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0