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This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $103k initial cash invested.
-15.55%
Cash On Cash
3%
Cap Rate
0.5
DSCR
$1,913
Rent
-$1,333
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,913 income − $3,246 expenses = $1,333 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,913
Total Expenses
$3,246
Mortgage P&I
129%
$2,461
Property Taxes
6%
$109
Home Insurance
9%
$178
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0