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This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $123k initial cash invested.
-14.68%
Cash On Cash
3.18%
Cap Rate
0.53
DSCR
$2,660
Rent
-$1,500
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,660 income − $4,160 expenses = $1,500 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,840
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$4,160
Mortgage P&I
110%
$2,914
Property Taxes
13%
$344
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0