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This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $124k initial cash invested.
-16.48%
Cash On Cash
2.8%
Cap Rate
0.47
DSCR
$2,646
Rent
-$1,703
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,646 income − $4,349 expenses = $1,703 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,646
Total Expenses
$4,349
Mortgage P&I
111%
$2,947
Property Taxes
19%
$499
Home Insurance
8%
$215
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0