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This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $120k initial cash invested.
-13.75%
Cash On Cash
3.5%
Cap Rate
0.58
DSCR
$3,013
Rent
-$1,372
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,013 income − $4,385 expenses = $1,372 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
$3,013
Total Expenses
$4,385
Mortgage P&I
96%
$2,885
Property Taxes
17%
$513
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0