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This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $103k initial cash invested.
-17.41%
Cash On Cash
2.43%
Cap Rate
0.41
DSCR
$1,885
Rent
-$1,490
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,885 income − $3,375 expenses = $1,490 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.2%
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
$1,885
Total Expenses
$3,375
Mortgage P&I
127%
$2,386
Property Taxes
17%
$329
Home Insurance
9%
$171
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0