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This property looks like a bad Long-Term investment with a projected -15.52% first-year return on $120k initial cash invested.
-15.52%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$3,197
Rent
-$1,548
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,197 income − $4,745 expenses = $1,548 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,197
Total Expenses
$4,745
Mortgage P&I
90%
$2,887
Property Taxes
26%
$826
Home Insurance
6%
$200
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0