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This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $104k initial cash invested.
-14.08%
Cash On Cash
3.29%
Cap Rate
0.55
DSCR
$2,000
Rent
-$1,220
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,000 income − $3,220 expenses = $1,220 out of pocket
Investment Breakdown
|
Purchase Price
$495k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,000
Closing costs
1%
$4,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,000
Total Expenses
$3,220
Mortgage P&I
124%
$2,477
Property Taxes
3%
$50
Home Insurance
9%
$173
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0