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This property looks like a bad Long-Term investment with a projected -21.85% first-year return on $124k initial cash invested.
-21.85%
Cash On Cash
1.9%
Cap Rate
0.31
DSCR
$2,511
Rent
-$2,261
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,511 income − $4,772 expenses = $2,261 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,912
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,511
Total Expenses
$4,772
Mortgage P&I
122%
$3,073
Property Taxes
34%
$858
Home Insurance
7%
$187
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0