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This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $120k initial cash invested.
-16.63%
Cash On Cash
2.64%
Cap Rate
0.45
DSCR
$2,829
Rent
-$1,661
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,829 income − $4,490 expenses = $1,661 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,829
Total Expenses
$4,490
Mortgage P&I
98%
$2,777
Property Taxes
27%
$754
Home Insurance
7%
$203
HOA
1%
$21
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0