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This property looks like a bad Long-Term investment with a projected -3% first-year return on $120k initial cash invested.
-3%
Cash On Cash
5.93%
Cap Rate
0.97
DSCR
$4,514
Rent
-$299
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,514 income − $4,813 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,514
Total Expenses
$4,813
Mortgage P&I
64%
$2,890
Property Taxes
7%
$337
Home Insurance
5%
$205
HOA
5%
$207
Property Management
10%
$451
CapEx
5%
$226
Vacancy
6%
$271
Maintenance
5%
$226
Other
0%
$0