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This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $103k initial cash invested.
-13.26%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$2,981
Rent
-$1,137
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,981 income − $4,118 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,981
Total Expenses
$4,118
Mortgage P&I
90%
$2,671
Property Taxes
17%
$497
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0