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This property looks like a bad Long-Term investment with a projected -11.21% first-year return on $123k initial cash invested.
-11.21%
Cash On Cash
3.8%
Cap Rate
0.65
DSCR
$2,850
Rent
-$1,152
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,850 income − $4,002 expenses = $1,152 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,850
Total Expenses
$4,002
Mortgage P&I
101%
$2,869
Property Taxes
6%
$177
Home Insurance
7%
$208
HOA
0%
$8
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0