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This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $103k initial cash invested.
-14.14%
Cash On Cash
3.23%
Cap Rate
0.54
DSCR
$2,180
Rent
-$1,212
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,180 income − $3,392 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,180
Total Expenses
$3,392
Mortgage P&I
111%
$2,423
Property Taxes
9%
$201
Home Insurance
9%
$201
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0