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This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $103k initial cash invested.
-12.85%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$2,743
Rent
-$1,098
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,743 income − $3,841 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,743
Total Expenses
$3,841
Mortgage P&I
91%
$2,483
Property Taxes
17%
$473
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0