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This property looks like a bad Long-Term investment with a projected -14.95% first-year return on $103k initial cash invested.
-14.95%
Cash On Cash
3.02%
Cap Rate
0.51
DSCR
$2,092
Rent
-$1,281
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,092 income − $3,373 expenses = $1,281 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%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,092
Total Expenses
$3,373
Mortgage P&I
115%
$2,409
Property Taxes
12%
$248
Home Insurance
8%
$171
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0