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This property looks like a bad Long-Term investment with a projected -22.79% first-year return on $103k initial cash invested.
-22.79%
Cash On Cash
2.23%
Cap Rate
0.33
DSCR
$1,983
Rent
-$1,948
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,983 income − $3,931 expenses = $1,948 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,680
Closing costs
1%
$4,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,983
Total Expenses
$3,931
Mortgage P&I
139%
$2,758
Property Taxes
33%
$656
Home Insurance
0%
$2
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0