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This property looks like a bad Long-Term investment with a projected -14.07% first-year return on $103k initial cash invested.
-14.07%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$2,720
Rent
-$1,204
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,720 income − $3,924 expenses = $1,204 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,720
Total Expenses
$3,924
Mortgage P&I
98%
$2,660
Property Taxes
14%
$386
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0