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This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $103k initial cash invested.
-14.44%
Cash On Cash
3.27%
Cap Rate
0.55
DSCR
$2,694
Rent
-$1,238
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,694 income − $3,932 expenses = $1,238 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,694
Total Expenses
$3,932
Mortgage P&I
91%
$2,438
Property Taxes
22%
$596
Home Insurance
6%
$172
HOA
1%
$25
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0