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This property looks like a bad Long-Term investment with a projected -24.71% first-year return on $122k initial cash invested.
-24.71%
Cash On Cash
0.88%
Cap Rate
0.15
DSCR
$1,032
Rent
-$2,508
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,032 income − $3,540 expenses = $2,508 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,032
Total Expenses
$3,540
Mortgage P&I
279%
$2,880
Property Taxes
18%
$188
Home Insurance
20%
$203
HOA
0%
$0
Property Management
10%
$103
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0