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This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $103k initial cash invested.
-15.63%
Cash On Cash
3.12%
Cap Rate
0.51
DSCR
$2,664
Rent
-$1,341
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,664 income − $4,005 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,664
Total Expenses
$4,005
Mortgage P&I
93%
$2,484
Property Taxes
25%
$657
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0