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This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $120k initial cash invested.
-12.97%
Cash On Cash
3.64%
Cap Rate
0.6
DSCR
$2,613
Rent
-$1,292
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,613 income − $3,905 expenses = $1,292 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,694
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,613
Total Expenses
$3,905
Mortgage P&I
111%
$2,888
Property Taxes
3%
$91
Home Insurance
8%
$210
HOA
1%
$36
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0