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This property looks like a bad Long-Term investment with a projected -8.63% first-year return on $120k initial cash invested.
-8.63%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$3,453
Rent
-$860
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,453 income − $4,313 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,453
Total Expenses
$4,313
Mortgage P&I
85%
$2,931
Property Taxes
6%
$198
Home Insurance
6%
$201
HOA
2%
$85
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0