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This property looks like a bad Long-Term investment with a projected -16.66% first-year return on $120k initial cash invested.
-16.66%
Cash On Cash
2.8%
Cap Rate
0.47
DSCR
$3,353
Rent
-$1,662
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,353 income − $5,015 expenses = $1,662 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,701
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,353
Total Expenses
$5,015
Mortgage P&I
84%
$2,825
Property Taxes
34%
$1,147
Home Insurance
5%
$171
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0