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This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $123k initial cash invested.
-13.01%
Cash On Cash
3.6%
Cap Rate
0.59
DSCR
$2,729
Rent
-$1,331
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,729 income − $4,060 expenses = $1,331 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,729
Total Expenses
$4,060
Mortgage P&I
108%
$2,947
Property Taxes
7%
$199
Home Insurance
8%
$205
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0