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This property looks like a bad Long-Term investment with a projected -14.92% first-year return on $122k initial cash invested.
-14.92%
Cash On Cash
3.23%
Cap Rate
0.53
DSCR
$2,997
Rent
-$1,513
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,997 income − $4,510 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,997
Total Expenses
$4,510
Mortgage P&I
98%
$2,925
Property Taxes
19%
$555
Home Insurance
7%
$210
HOA
1%
$40
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0