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This property looks like a bad Long-Term investment with a projected -20.44% first-year return on $103k initial cash invested.
-20.44%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$2,770
Rent
-$1,753
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,770 income − $4,523 expenses = $1,753 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,020
Closing costs
1%
$4,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,770
Total Expenses
$4,523
Mortgage P&I
97%
$2,691
Property Taxes
32%
$893
Home Insurance
6%
$178
HOA
2%
$42
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0