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This property looks like a bad Long-Term investment with a projected -11.43% first-year return on $124k initial cash invested.
-11.43%
Cash On Cash
3.81%
Cap Rate
0.65
DSCR
$2,977
Rent
-$1,184
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,977 income − $4,161 expenses = $1,184 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%
$5,921
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,977
Total Expenses
$4,161
Mortgage P&I
98%
$2,916
Property Taxes
8%
$251
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0