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This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $124k initial cash invested.
-15.49%
Cash On Cash
3.06%
Cap Rate
0.51
DSCR
$2,588
Rent
-$1,599
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,588 income − $4,187 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,588
Total Expenses
$4,187
Mortgage P&I
115%
$2,974
Property Taxes
13%
$333
Home Insurance
8%
$206
HOA
0%
$2
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0