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This property looks like a bad Long-Term investment with a projected -16.43% first-year return on $103k initial cash invested.
-16.43%
Cash On Cash
3.12%
Cap Rate
0.49
DSCR
$2,111
Rent
-$1,412
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,111 income − $3,523 expenses = $1,412 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,111
Total Expenses
$3,523
Mortgage P&I
122%
$2,582
Property Taxes
10%
$206
Home Insurance
9%
$185
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0