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This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $103k initial cash invested.
-14.83%
Cash On Cash
3.22%
Cap Rate
0.53
DSCR
$1,968
Rent
-$1,271
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,968 income − $3,239 expenses = $1,271 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$3,239
Mortgage P&I
126%
$2,488
Property Taxes
3%
$68
Home Insurance
9%
$172
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0