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This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $124k initial cash invested.
-14.5%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$2,784
Rent
-$1,496
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,784 income − $4,280 expenses = $1,496 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,784
Total Expenses
$4,280
Mortgage P&I
107%
$2,974
Property Taxes
14%
$383
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0