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This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $122k initial cash invested.
-14.8%
Cash On Cash
3.16%
Cap Rate
0.53
DSCR
$2,903
Rent
-$1,502
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,903 income − $4,405 expenses = $1,502 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,903
Total Expenses
$4,405
Mortgage P&I
99%
$2,883
Property Taxes
19%
$565
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0