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This property looks like a bad Long-Term investment with a projected -10.52% first-year return on $120k initial cash invested.
-10.52%
Cash On Cash
4.11%
Cap Rate
0.68
DSCR
$2,999
Rent
-$1,049
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,999 income − $4,048 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,697
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,999
Total Expenses
$4,048
Mortgage P&I
95%
$2,852
Property Taxes
7%
$216
Home Insurance
7%
$200
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0