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This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $104k initial cash invested.
-12.8%
Cash On Cash
3.56%
Cap Rate
0.61
DSCR
$3,000
Rent
-$1,107
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,000 income − $4,107 expenses = $1,107 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,840
Closing costs
1%
$4,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,000
Total Expenses
$4,107
Mortgage P&I
81%
$2,424
Property Taxes
24%
$728
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0