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This property looks like a bad Long-Term investment with a projected -17.24% first-year return on $123k initial cash invested.
-17.24%
Cash On Cash
2.49%
Cap Rate
0.43
DSCR
$2,492
Rent
-$1,765
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,492 income − $4,257 expenses = $1,765 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,492
Total Expenses
$4,257
Mortgage P&I
115%
$2,856
Property Taxes
22%
$543
Home Insurance
8%
$205
HOA
0%
$4
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0