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This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $103k initial cash invested.
-15.78%
Cash On Cash
2.93%
Cap Rate
0.49
DSCR
$2,043
Rent
-$1,350
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,043 income − $3,393 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,043
Total Expenses
$3,393
Mortgage P&I
120%
$2,444
Property Taxes
12%
$247
Home Insurance
8%
$171
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0