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This property looks like a bad Long-Term investment with a projected -16.79% first-year return on $104k initial cash invested.
-16.79%
Cash On Cash
2.77%
Cap Rate
0.46
DSCR
$2,214
Rent
-$1,450
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,214 income − $3,664 expenses = $1,450 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$3,664
Mortgage P&I
112%
$2,480
Property Taxes
20%
$433
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0