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This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $104k initial cash invested.
-15.63%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$2,869
Rent
-$1,350
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,869 income − $4,219 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,720
Closing costs
1%
$4,936
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,869
Total Expenses
$4,219
Mortgage P&I
88%
$2,531
Property Taxes
27%
$770
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0