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This property looks like a bad Long-Term investment with a projected -14.07% first-year return on $103k initial cash invested.
-14.07%
Cash On Cash
3.45%
Cap Rate
0.56
DSCR
$2,341
Rent
-$1,202
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,341 income − $3,543 expenses = $1,202 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,341
Total Expenses
$3,543
Mortgage P&I
106%
$2,489
Property Taxes
12%
$271
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0