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This property looks like a bad Long-Term investment with a projected -20.43% first-year return on $98,700 initial cash invested.
-20.43%
Cash On Cash
1.88%
Cap Rate
0.31
DSCR
$1,240
Rent
-$1,680
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,240 income − $2,920 expenses = $1,680 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,240
Total Expenses
$2,920
Mortgage P&I
190%
$2,353
Property Taxes
7%
$81
Home Insurance
13%
$164
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0