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This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $103k initial cash invested.
-12.26%
Cash On Cash
3.76%
Cap Rate
0.62
DSCR
$2,436
Rent
-$1,050
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,436 income − $3,486 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,436
Total Expenses
$3,486
Mortgage P&I
101%
$2,460
Property Taxes
9%
$221
Home Insurance
7%
$171
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0