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This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $124k initial cash invested.
-17.5%
Cash On Cash
2.61%
Cap Rate
0.43
DSCR
$2,557
Rent
-$1,801
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,557 income − $4,358 expenses = $1,801 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$4,358
Mortgage P&I
116%
$2,954
Property Taxes
21%
$529
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0