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This property looks like a bad Long-Term investment with a projected -17.57% first-year return on $103k initial cash invested.
-17.57%
Cash On Cash
3.23%
Cap Rate
0.49
DSCR
$2,623
Rent
-$1,514
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,623 income − $4,137 expenses = $1,514 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,500
Closing costs
1%
$4,925
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,623
Total Expenses
$4,137
Mortgage P&I
103%
$2,708
Property Taxes
22%
$573
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0