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This property looks like a bad Long-Term investment with a projected -13.95% first-year return on $102k initial cash invested.
-13.95%
Cash On Cash
3.35%
Cap Rate
0.56
DSCR
$2,651
Rent
-$1,184
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,651 income − $3,835 expenses = $1,184 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,651
Total Expenses
$3,835
Mortgage P&I
91%
$2,404
Property Taxes
22%
$571
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0