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This property looks like a bad Long-Term investment with a projected -16.02% first-year return on $98,679 initial cash invested.
-16.02%
Cash On Cash
2.9%
Cap Rate
0.48
DSCR
$1,978
Rent
-$1,317
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,978 income − $3,295 expenses = $1,317 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,679
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,978
Total Expenses
$3,295
Mortgage P&I
119%
$2,355
Property Taxes
13%
$261
Home Insurance
8%
$164
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0