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This property looks like a bad Long-Term investment with a projected -7.18% first-year return on $124k initial cash invested.
-7.18%
Cash On Cash
5.23%
Cap Rate
0.82
DSCR
$3,871
Rent
-$740
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,871 income − $4,611 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,871
Total Expenses
$4,611
Mortgage P&I
80%
$3,113
Property Taxes
7%
$254
Home Insurance
5%
$206
HOA
1%
$31
Property Management
10%
$387
CapEx
5%
$194
Vacancy
6%
$232
Maintenance
5%
$194
Other
0%
$0