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This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $123k initial cash invested.
-14.86%
Cash On Cash
3.02%
Cap Rate
0.51
DSCR
$2,319
Rent
-$1,520
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,319 income − $3,839 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,844
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$3,839
Mortgage P&I
124%
$2,876
Property Taxes
6%
$150
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0