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This property looks like a bad Long-Term investment with a projected -19.2% first-year return on $103k initial cash invested.
-19.2%
Cash On Cash
3.01%
Cap Rate
0.45
DSCR
$2,909
Rent
-$1,648
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,909 income − $4,557 expenses = $1,648 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,909
Total Expenses
$4,557
Mortgage P&I
94%
$2,733
Property Taxes
31%
$902
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$175
Maintenance
5%
$145
Other
0%
$0