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This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $122k initial cash invested.
-11.91%
Cash On Cash
3.88%
Cap Rate
0.64
DSCR
$2,968
Rent
-$1,207
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,968 income − $4,175 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,968
Total Expenses
$4,175
Mortgage P&I
99%
$2,930
Property Taxes
9%
$273
Home Insurance
7%
$201
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0