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This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $98,700 initial cash invested.
-13.47%
Cash On Cash
3.88%
Cap Rate
0.61
DSCR
$2,957
Rent
-$1,108
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,957 income − $4,065 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,957
Total Expenses
$4,065
Mortgage P&I
84%
$2,478
Property Taxes
22%
$654
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0