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This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $124k initial cash invested.
-16.21%
Cash On Cash
2.99%
Cap Rate
0.49
DSCR
$2,295
Rent
-$1,681
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,295 income − $3,976 expenses = $1,681 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$119k
Closing costs
1%
$5,926
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,295
Total Expenses
$3,976
Mortgage P&I
133%
$3,044
Property Taxes
5%
$119
Home Insurance
9%
$215
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0