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This property looks like a bad Long-Term investment with a projected -13.61% first-year return on $124k initial cash invested.
-13.61%
Cash On Cash
3.58%
Cap Rate
0.58
DSCR
$2,986
Rent
-$1,403
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,986 income − $4,389 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,892
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,986
Total Expenses
$4,389
Mortgage P&I
101%
$3,014
Property Taxes
13%
$391
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0