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This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $124k initial cash invested.
-14.24%
Cash On Cash
3.23%
Cap Rate
0.54
DSCR
$2,781
Rent
-$1,476
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,781 income − $4,257 expenses = $1,476 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,781
Total Expenses
$4,257
Mortgage P&I
105%
$2,932
Property Taxes
13%
$366
Home Insurance
8%
$228
HOA
0%
$8
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0