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This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $103k initial cash invested.
-13.76%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$2,609
Rent
-$1,182
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,609 income − $3,791 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$3,791
Mortgage P&I
101%
$2,636
Property Taxes
12%
$304
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0