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This property looks like a bad Long-Term investment with a projected -16.37% first-year return on $104k initial cash invested.
-16.37%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$2,985
Rent
-$1,412
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,985 income − $4,397 expenses = $1,412 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,600
Closing costs
1%
$4,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,985
Total Expenses
$4,397
Mortgage P&I
91%
$2,706
Property Taxes
15%
$437
Home Insurance
6%
$175
HOA
10%
$304
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0