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This property looks like a bad Long-Term investment with a projected -19.55% first-year return on $103k initial cash invested.
-19.55%
Cash On Cash
2.31%
Cap Rate
0.37
DSCR
$2,004
Rent
-$1,673
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,004 income − $3,677 expenses = $1,673 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%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$3,677
Mortgage P&I
125%
$2,513
Property Taxes
24%
$473
Home Insurance
9%
$171
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0