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This property looks like a bad Long-Term investment with a projected -21.54% first-year return on $104k initial cash invested.
-21.54%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$2,429
Rent
-$1,860
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,429 income − $4,289 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,680
Closing costs
1%
$4,934
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,429
Total Expenses
$4,289
Mortgage P&I
104%
$2,529
Property Taxes
34%
$827
Home Insurance
8%
$186
HOA
5%
$116
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0