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This property looks like a bad Long-Term investment with a projected -17.45% first-year return on $124k initial cash invested.
-17.45%
Cash On Cash
2.51%
Cap Rate
0.42
DSCR
$2,151
Rent
-$1,799
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,151 income − $3,950 expenses = $1,799 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,151
Total Expenses
$3,950
Mortgage P&I
136%
$2,923
Property Taxes
12%
$257
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0