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This property looks like a bad Long-Term investment with a projected -12.43% first-year return on $102k initial cash invested.
-12.43%
Cash On Cash
3.71%
Cap Rate
0.62
DSCR
$2,585
Rent
-$1,060
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,585 income − $3,645 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,480
Closing costs
1%
$4,874
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,585
Total Expenses
$3,645
Mortgage P&I
94%
$2,438
Property Taxes
11%
$280
Home Insurance
7%
$173
HOA
3%
$83
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0