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This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $124k initial cash invested.
-14.83%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$2,494
Rent
-$1,533
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,494 income − $4,027 expenses = $1,533 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,906
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$4,027
Mortgage P&I
120%
$3,005
Property Taxes
4%
$90
Home Insurance
8%
$208
HOA
3%
$75
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0