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This property looks like a bad Long-Term investment with a projected -20.99% first-year return on $103k initial cash invested.
-20.99%
Cash On Cash
1.9%
Cap Rate
0.31
DSCR
$1,857
Rent
-$1,801
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,857 income − $3,658 expenses = $1,801 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,040
Closing costs
1%
$4,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,857
Total Expenses
$3,658
Mortgage P&I
134%
$2,483
Property Taxes
28%
$512
Home Insurance
10%
$180
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0