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This property looks like a bad Long-Term investment with a projected -16.75% first-year return on $120k initial cash invested.
-16.75%
Cash On Cash
2.91%
Cap Rate
0.47
DSCR
$2,514
Rent
-$1,671
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,514 income − $4,185 expenses = $1,671 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,514
Total Expenses
$4,185
Mortgage P&I
116%
$2,928
Property Taxes
16%
$400
Home Insurance
8%
$203
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0