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This property looks like a bad Long-Term investment with a projected -15.53% first-year return on $123k initial cash invested.
-15.53%
Cash On Cash
2.95%
Cap Rate
0.5
DSCR
$2,640
Rent
-$1,594
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,640 income − $4,234 expenses = $1,594 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,867
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,640
Total Expenses
$4,234
Mortgage P&I
110%
$2,904
Property Taxes
15%
$383
Home Insurance
8%
$219
HOA
2%
$42
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0