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This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $120k initial cash invested.
-16.15%
Cash On Cash
2.92%
Cap Rate
0.49
DSCR
$2,887
Rent
-$1,611
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,887 income − $4,498 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,887
Total Expenses
$4,498
Mortgage P&I
99%
$2,856
Property Taxes
24%
$692
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0