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This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $103k initial cash invested.
-13.88%
Cash On Cash
3.63%
Cap Rate
0.59
DSCR
$2,816
Rent
-$1,188
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,816 income − $4,004 expenses = $1,188 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,816
Total Expenses
$4,004
Mortgage P&I
90%
$2,525
Property Taxes
20%
$575
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0