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This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $103k initial cash invested.
-14.84%
Cash On Cash
3.4%
Cap Rate
0.55
DSCR
$2,954
Rent
-$1,270
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,954 income − $4,224 expenses = $1,270 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,820
Closing costs
1%
$4,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,954
Total Expenses
$4,224
Mortgage P&I
85%
$2,507
Property Taxes
26%
$769
Home Insurance
6%
$180
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0