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This property looks like a bad Long-Term investment with a projected -20.4% first-year return on $123k initial cash invested.
-20.4%
Cash On Cash
1.88%
Cap Rate
0.32
DSCR
$2,442
Rent
-$2,097
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,442 income − $4,539 expenses = $2,097 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,442
Total Expenses
$4,539
Mortgage P&I
119%
$2,894
Property Taxes
22%
$525
Home Insurance
9%
$219
HOA
11%
$266
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0