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This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $124k initial cash invested.
-12.82%
Cash On Cash
3.57%
Cap Rate
0.6
DSCR
$2,659
Rent
-$1,321
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,659 income − $3,980 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,659
Total Expenses
$3,980
Mortgage P&I
111%
$2,940
Property Taxes
5%
$142
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0