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This property looks like a bad Long-Term investment with a projected -21.59% first-year return on $120k initial cash invested.
-21.59%
Cash On Cash
1.84%
Cap Rate
0.3
DSCR
$2,894
Rent
-$2,154
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,894 income − $5,048 expenses = $2,154 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
$2,894
Total Expenses
$5,048
Mortgage P&I
100%
$2,882
Property Taxes
41%
$1,178
Home Insurance
7%
$200
HOA
1%
$35
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0