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This property looks like a bad Long-Term investment with a projected -18.37% first-year return on $103k initial cash invested.
-18.37%
Cash On Cash
2.51%
Cap Rate
0.41
DSCR
$2,397
Rent
-$1,570
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,397 income − $3,967 expenses = $1,570 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,660
Closing costs
1%
$4,883
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,397
Total Expenses
$3,967
Mortgage P&I
103%
$2,471
Property Taxes
29%
$699
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0