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This property looks like a bad Long-Term investment with a projected -16.58% first-year return on $102k initial cash invested.
-16.58%
Cash On Cash
2.95%
Cap Rate
0.49
DSCR
$2,919
Rent
-$1,416
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,919 income − $4,335 expenses = $1,416 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,600
Closing costs
1%
$4,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,919
Total Expenses
$4,335
Mortgage P&I
85%
$2,470
Property Taxes
30%
$873
Home Insurance
7%
$210
HOA
1%
$23
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0