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This property looks like a bad Long-Term investment with a projected -12.69% first-year return on $103k initial cash invested.
-12.69%
Cash On Cash
3.62%
Cap Rate
0.61
DSCR
$2,597
Rent
-$1,089
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,597 income − $3,686 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,597
Total Expenses
$3,686
Mortgage P&I
94%
$2,437
Property Taxes
14%
$375
Home Insurance
7%
$173
HOA
1%
$25
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0