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This property looks like a bad Long-Term investment with a projected -18.07% first-year return on $120k initial cash invested.
-18.07%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$2,589
Rent
-$1,802
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,589 income − $4,391 expenses = $1,802 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,589
Total Expenses
$4,391
Mortgage P&I
112%
$2,899
Property Taxes
24%
$620
Home Insurance
8%
$200
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0