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This property looks like a bad Long-Term investment with a projected -18.17% first-year return on $123k initial cash invested.
-18.17%
Cash On Cash
2.23%
Cap Rate
0.38
DSCR
$2,007
Rent
-$1,860
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,007 income − $3,867 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,007
Total Expenses
$3,867
Mortgage P&I
142%
$2,847
Property Taxes
10%
$210
Home Insurance
10%
$205
HOA
4%
$84
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0