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This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $123k initial cash invested.
-9.28%
Cash On Cash
4.4%
Cap Rate
0.73
DSCR
$3,153
Rent
-$950
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,153 income − $4,103 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,847
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,153
Total Expenses
$4,103
Mortgage P&I
93%
$2,937
Property Taxes
4%
$118
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0