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This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $120k initial cash invested.
-15.95%
Cash On Cash
3.08%
Cap Rate
0.5
DSCR
$2,475
Rent
-$1,591
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,475 income − $4,066 expenses = $1,591 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,475
Total Expenses
$4,066
Mortgage P&I
118%
$2,929
Property Taxes
11%
$283
Home Insurance
8%
$208
HOA
0%
$2
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0