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This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $123k initial cash invested.
-14.77%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$2,976
Rent
-$1,512
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,976 income − $4,488 expenses = $1,512 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,976
Total Expenses
$4,488
Mortgage P&I
109%
$3,232
Property Taxes
9%
$276
Home Insurance
7%
$205
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0