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This property looks like a bad Long-Term investment with a projected -13.61% first-year return on $124k initial cash invested.
-13.61%
Cash On Cash
3.48%
Cap Rate
0.58
DSCR
$3,057
Rent
-$1,403
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,057 income − $4,460 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,057
Total Expenses
$4,460
Mortgage P&I
97%
$2,959
Property Taxes
16%
$494
Home Insurance
7%
$208
HOA
0%
$4
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0