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This property looks like a bad Long-Term investment with a projected -15.19% first-year return on $120k initial cash invested.
-15.19%
Cash On Cash
2.92%
Cap Rate
0.5
DSCR
$2,159
Rent
-$1,515
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,159 income − $3,674 expenses = $1,515 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,159
Total Expenses
$3,674
Mortgage P&I
129%
$2,795
Property Taxes
5%
$117
Home Insurance
9%
$200
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0