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This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $124k initial cash invested.
-12.2%
Cash On Cash
3.69%
Cap Rate
0.62
DSCR
$2,914
Rent
-$1,256
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,914 income − $4,170 expenses = $1,256 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,914
Total Expenses
$4,170
Mortgage P&I
100%
$2,921
Property Taxes
5%
$148
Home Insurance
7%
$210
HOA
5%
$133
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0