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This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $124k initial cash invested.
-9.68%
Cash On Cash
4.29%
Cap Rate
0.72
DSCR
$3,279
Rent
-$998
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,279 income − $4,277 expenses = $998 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
$3,279
Total Expenses
$4,277
Mortgage P&I
90%
$2,939
Property Taxes
8%
$276
Home Insurance
6%
$209
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0