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This property looks like a bad Long-Term investment with a projected -20.91% first-year return on $123k initial cash invested.
-20.91%
Cash On Cash
1.79%
Cap Rate
0.31
DSCR
$3,092
Rent
-$2,150
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,092 income − $5,242 expenses = $2,150 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,092
Total Expenses
$5,242
Mortgage P&I
93%
$2,871
Property Taxes
44%
$1,358
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0