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This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $124k initial cash invested.
-13.67%
Cash On Cash
3.39%
Cap Rate
0.57
DSCR
$2,622
Rent
-$1,411
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,622 income − $4,033 expenses = $1,411 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,622
Total Expenses
$4,033
Mortgage P&I
112%
$2,948
Property Taxes
7%
$194
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0