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This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $103k initial cash invested.
-12.15%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$3,221
Rent
-$1,042
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,221 income − $4,263 expenses = $1,042 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,221
Total Expenses
$4,263
Mortgage P&I
77%
$2,472
Property Taxes
18%
$568
Home Insurance
5%
$172
HOA
7%
$214
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0