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This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $120k initial cash invested.
-10.71%
Cash On Cash
4.09%
Cap Rate
0.68
DSCR
$2,950
Rent
-$1,070
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,950 income − $4,020 expenses = $1,070 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,950
Total Expenses
$4,020
Mortgage P&I
97%
$2,867
Property Taxes
6%
$172
Home Insurance
7%
$206
HOA
0%
$7
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0