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This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $103k initial cash invested.
-13.01%
Cash On Cash
3.66%
Cap Rate
0.6
DSCR
$2,463
Rent
-$1,117
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,463 income − $3,580 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,120
Closing costs
1%
$4,906
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,463
Total Expenses
$3,580
Mortgage P&I
101%
$2,491
Property Taxes
11%
$276
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0