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This property looks like a bad Long-Term investment with a projected -19.21% first-year return on $103k initial cash invested.
-19.21%
Cash On Cash
2.15%
Cap Rate
0.37
DSCR
$2,631
Rent
-$1,646
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,631 income − $4,277 expenses = $1,646 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,940
Closing costs
1%
$4,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,631
Total Expenses
$4,277
Mortgage P&I
91%
$2,391
Property Taxes
39%
$1,026
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0