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This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $122k initial cash invested.
-13.24%
Cash On Cash
3.44%
Cap Rate
0.58
DSCR
$2,602
Rent
-$1,349
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,602 income − $3,951 expenses = $1,349 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,602
Total Expenses
$3,951
Mortgage P&I
111%
$2,886
Property Taxes
7%
$189
Home Insurance
8%
$200
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0