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This property looks like a bad Long-Term investment with a projected -21.66% first-year return on $120k initial cash invested.
-21.66%
Cash On Cash
1.77%
Cap Rate
0.29
DSCR
$2,477
Rent
-$2,163
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,477 income − $4,640 expenses = $2,163 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,706
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,477
Total Expenses
$4,640
Mortgage P&I
116%
$2,880
Property Taxes
24%
$603
Home Insurance
8%
$202
HOA
13%
$310
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0