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This property looks like a bad Long-Term investment with a projected -15.23% first-year return on $103k initial cash invested.
-15.23%
Cash On Cash
2.88%
Cap Rate
0.5
DSCR
$2,157
Rent
-$1,302
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,157 income − $3,459 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,700
Closing costs
1%
$4,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,157
Total Expenses
$3,459
Mortgage P&I
110%
$2,368
Property Taxes
11%
$235
Home Insurance
10%
$210
HOA
4%
$85
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0