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This property looks like a bad Long-Term investment with a projected -13.09% first-year return on $123k initial cash invested.
-13.09%
Cash On Cash
3.46%
Cap Rate
0.59
DSCR
$2,993
Rent
-$1,343
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,993 income − $4,336 expenses = $1,343 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,862
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,993
Total Expenses
$4,336
Mortgage P&I
96%
$2,885
Property Taxes
15%
$454
Home Insurance
7%
$205
HOA
0%
$13
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0