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This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $120k initial cash invested.
-20.24%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$2,993
Rent
-$2,016
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,993 income − $5,009 expenses = $2,016 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,993
Total Expenses
$5,009
Mortgage P&I
103%
$3,075
Property Taxes
31%
$913
Home Insurance
7%
$210
HOA
1%
$32
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0