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This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $123k initial cash invested.
-14.97%
Cash On Cash
3.05%
Cap Rate
0.51
DSCR
$2,500
Rent
-$1,533
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,500 income − $4,033 expenses = $1,533 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,852
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,500
Total Expenses
$4,033
Mortgage P&I
116%
$2,897
Property Taxes
11%
$276
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0