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This property looks like a bad Long-Term investment with a projected -17.58% first-year return on $103k initial cash invested.
-17.58%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$2,524
Rent
-$1,502
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,524 income − $4,026 expenses = $1,502 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,640
Closing costs
1%
$4,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,524
Total Expenses
$4,026
Mortgage P&I
106%
$2,675
Property Taxes
21%
$521
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0