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This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $120k initial cash invested.
-12.19%
Cash On Cash
3.7%
Cap Rate
0.62
DSCR
$2,996
Rent
-$1,220
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,996 income − $4,216 expenses = $1,220 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$4,216
Mortgage P&I
95%
$2,832
Property Taxes
14%
$420
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0