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This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $124k initial cash invested.
-17.68%
Cash On Cash
2.51%
Cap Rate
0.42
DSCR
$2,640
Rent
-$1,825
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,640 income − $4,465 expenses = $1,825 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,640
Total Expenses
$4,465
Mortgage P&I
111%
$2,925
Property Taxes
23%
$598
Home Insurance
8%
$206
HOA
2%
$50
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0