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This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $124k initial cash invested.
-14.97%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$2,462
Rent
-$1,546
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
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Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$4,008
Mortgage P&I
122%
$3,014
Property Taxes
6%
$144
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0