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This property looks like a bad Long-Term investment with a projected -21.04% first-year return on $120k initial cash invested.
-21.04%
Cash On Cash
1.81%
Cap Rate
0.3
DSCR
$1,556
Rent
-$2,099
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,556 income − $3,655 expenses = $2,099 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,556
Total Expenses
$3,655
Mortgage P&I
185%
$2,882
Property Taxes
11%
$168
Home Insurance
13%
$200
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0