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This property looks like a bad Long-Term investment with a projected -15.24% first-year return on $104k initial cash invested.
-15.24%
Cash On Cash
3.1%
Cap Rate
0.51
DSCR
$2,163
Rent
-$1,324
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,163 income − $3,487 expenses = $1,324 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,320
Closing costs
1%
$4,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,163
Total Expenses
$3,487
Mortgage P&I
115%
$2,498
Property Taxes
8%
$182
Home Insurance
9%
$201
HOA
2%
$44
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0