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This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $103k initial cash invested.
-13.85%
Cash On Cash
3.45%
Cap Rate
0.57
DSCR
$2,506
Rent
-$1,183
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,506 income − $3,689 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,506
Total Expenses
$3,689
Mortgage P&I
98%
$2,461
Property Taxes
16%
$403
Home Insurance
7%
$174
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0