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This property looks like a bad Long-Term investment with a projected -19.38% first-year return on $123k initial cash invested.
-19.38%
Cash On Cash
2.09%
Cap Rate
0.35
DSCR
$2,097
Rent
-$1,985
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,097 income − $4,082 expenses = $1,985 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,852
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,097
Total Expenses
$4,082
Mortgage P&I
138%
$2,899
Property Taxes
20%
$427
Home Insurance
10%
$210
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0