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This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $123k initial cash invested.
-13.26%
Cash On Cash
3.63%
Cap Rate
0.6
DSCR
$3,085
Rent
-$1,364
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,085 income − $4,449 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$118k
Closing costs
1%
$5,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,085
Total Expenses
$4,449
Mortgage P&I
97%
$2,989
Property Taxes
15%
$453
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0