This property looks like a bad Long-Term investment with a projected -24.66% first-year return on $57,120 initial cash invested.
-24.66%
Cash On Cash
1.2%
Cap Rate
0.2
DSCR
$1,870
Rent
-$1,174
Cashflow
Cash Flow
$1,870 income − $3,044 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$272k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,120
Downpayment
20%
$54,400
Closing costs
1%
$2,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,870
Total Expenses
$3,044
Mortgage P&I
72%
$1,352
Property Taxes
21%
$392
Home Insurance
5%
$95
HOA
38%
$718
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
44 Johnes St, Unit 108J, Newburgh, NY 12550 | $1,850 | 2 | 1 | 909 | 0 mi |
428 Liberty St, Apt 3A, Newburgh, NY 12550 | $1,975 | 2 | 1 | 1 mi | |
428 Liberty St, Apt 2B, Newburgh, NY 12550 | $1,995 | 2 | 1 | 1 mi |
Projection Charts
Investment Value YoY