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This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $123k initial cash invested.
-14.59%
Cash On Cash
3.25%
Cap Rate
0.54
DSCR
$2,849
Rent
-$1,501
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,849 income − $4,350 expenses = $1,501 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,879
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,849
Total Expenses
$4,350
Mortgage P&I
104%
$2,953
Property Taxes
11%
$325
Home Insurance
11%
$315
HOA
1%
$17
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0