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This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $123k initial cash invested.
-15.56%
Cash On Cash
3.09%
Cap Rate
0.51
DSCR
$2,998
Rent
-$1,593
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,998 income − $4,591 expenses = $1,593 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,851
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,998
Total Expenses
$4,591
Mortgage P&I
98%
$2,948
Property Taxes
17%
$522
Home Insurance
7%
$201
HOA
5%
$140
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0