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This property looks like a bad Long-Term investment with a projected -12.94% first-year return on $103k initial cash invested.
-12.94%
Cash On Cash
3.51%
Cap Rate
0.59
DSCR
$2,211
Rent
-$1,111
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,211 income − $3,322 expenses = $1,111 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,100
Closing costs
1%
$4,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$3,322
Mortgage P&I
110%
$2,433
Property Taxes
5%
$112
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0