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This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $120k initial cash invested.
-16.83%
Cash On Cash
2.69%
Cap Rate
0.45
DSCR
$2,633
Rent
-$1,679
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,633 income − $4,312 expenses = $1,679 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%
$5,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,633
Total Expenses
$4,312
Mortgage P&I
107%
$2,824
Property Taxes
23%
$603
Home Insurance
8%
$200
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0