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This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $102k initial cash invested.
-15.6%
Cash On Cash
3.14%
Cap Rate
0.52
DSCR
$2,639
Rent
-$1,331
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,639 income − $3,970 expenses = $1,331 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,639
Total Expenses
$3,970
Mortgage P&I
94%
$2,475
Property Taxes
16%
$412
Home Insurance
7%
$175
HOA
8%
$222
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0