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This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $123k initial cash invested.
-17.62%
Cash On Cash
3.1%
Cap Rate
0.48
DSCR
$2,731
Rent
-$1,803
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,731 income − $4,534 expenses = $1,803 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,846
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,731
Total Expenses
$4,534
Mortgage P&I
116%
$3,177
Property Taxes
16%
$436
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0