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This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $123k initial cash invested.
-14.64%
Cash On Cash
3.58%
Cap Rate
0.56
DSCR
$2,937
Rent
-$1,502
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,937 income − $4,439 expenses = $1,502 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,937
Total Expenses
$4,439
Mortgage P&I
106%
$3,105
Property Taxes
12%
$364
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0