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This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $103k initial cash invested.
-12.95%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$2,454
Rent
-$1,110
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,454 income − $3,564 expenses = $1,110 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,454
Total Expenses
$3,564
Mortgage P&I
103%
$2,516
Property Taxes
8%
$197
Home Insurance
7%
$171
HOA
2%
$42
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0