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This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $120k initial cash invested.
-14.62%
Cash On Cash
3.23%
Cap Rate
0.53
DSCR
$2,455
Rent
-$1,467
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,455 income − $3,922 expenses = $1,467 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,734
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,455
Total Expenses
$3,922
Mortgage P&I
118%
$2,887
Property Taxes
8%
$186
Home Insurance
9%
$210
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0