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This property looks like a bad Long-Term investment with a projected -11.75% first-year return on $122k initial cash invested.
-11.75%
Cash On Cash
3.84%
Cap Rate
0.64
DSCR
$3,243
Rent
-$1,192
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,243 income − $4,435 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,796
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,243
Total Expenses
$4,435
Mortgage P&I
89%
$2,883
Property Taxes
16%
$504
Home Insurance
6%
$205
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0