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This property looks like a bad Long-Term investment with a projected -15.97% first-year return on $124k initial cash invested.
-15.97%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$2,508
Rent
-$1,646
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,508 income − $4,154 expenses = $1,646 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%
$5,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,508
Total Expenses
$4,154
Mortgage P&I
118%
$2,949
Property Taxes
14%
$348
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0