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This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $103k initial cash invested.
-13.58%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$2,524
Rent
-$1,164
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,524 income − $3,688 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,524
Total Expenses
$3,688
Mortgage P&I
99%
$2,488
Property Taxes
14%
$358
Home Insurance
7%
$172
HOA
1%
$15
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0