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This property looks like a bad Long-Term investment with a projected -9.08% first-year return on $124k initial cash invested.
-9.08%
Cash On Cash
4.34%
Cap Rate
0.73
DSCR
$3,230
Rent
-$936
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,230 income − $4,166 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,230
Total Expenses
$4,166
Mortgage P&I
90%
$2,903
Property Taxes
7%
$216
Home Insurance
6%
$206
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0