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This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $123k initial cash invested.
-14.42%
Cash On Cash
3.39%
Cap Rate
0.55
DSCR
$3,000
Rent
-$1,480
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,000 income − $4,480 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,000
Total Expenses
$4,480
Mortgage P&I
100%
$2,985
Property Taxes
17%
$499
Home Insurance
7%
$208
HOA
0%
$8
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0