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This property looks like a bad Long-Term investment with a projected -16.38% first-year return on $103k initial cash invested.
-16.38%
Cash On Cash
2.99%
Cap Rate
0.49
DSCR
$2,207
Rent
-$1,403
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,207 income − $3,610 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,860
Closing costs
1%
$4,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,207
Total Expenses
$3,610
Mortgage P&I
114%
$2,512
Property Taxes
15%
$340
Home Insurance
8%
$185
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0