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This property looks like a bad Long-Term investment with a projected -8.2% first-year return on $124k initial cash invested.
-8.2%
Cash On Cash
4.59%
Cap Rate
0.77
DSCR
$3,131
Rent
-$847
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,131 income − $3,978 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,131
Total Expenses
$3,978
Mortgage P&I
94%
$2,947
Property Taxes
0%
$10
Home Insurance
7%
$206
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0