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This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $103k initial cash invested.
-16.2%
Cash On Cash
3.25%
Cap Rate
0.51
DSCR
$2,422
Rent
-$1,386
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,422 income − $3,808 expenses = $1,386 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,422
Total Expenses
$3,808
Mortgage P&I
107%
$2,591
Property Taxes
17%
$416
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0