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This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $103k initial cash invested.
-16.17%
Cash On Cash
3.1%
Cap Rate
0.5
DSCR
$2,811
Rent
-$1,393
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,811 income − $4,204 expenses = $1,393 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,460
Closing costs
1%
$4,923
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,811
Total Expenses
$4,204
Mortgage P&I
90%
$2,523
Property Taxes
16%
$441
Home Insurance
6%
$175
HOA
12%
$333
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0