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This property looks like a bad Long-Term investment with a projected -24.1% first-year return on $98,595 initial cash invested.
-24.1%
Cash On Cash
1.5%
Cap Rate
0.24
DSCR
$2,866
Rent
-$1,980
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,866 income − $4,846 expenses = $1,980 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,595
Downpayment
20%
$93,900
Closing costs
1%
$4,695
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,866
Total Expenses
$4,846
Mortgage P&I
85%
$2,425
Property Taxes
24%
$690
Home Insurance
6%
$168
HOA
29%
$818
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0