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This property looks like a bad Long-Term investment with a projected -19.42% first-year return on $98,700 initial cash invested.
-19.42%
Cash On Cash
2.15%
Cap Rate
0.36
DSCR
$2,397
Rent
-$1,597
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,397 income − $3,994 expenses = $1,597 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,397
Total Expenses
$3,994
Mortgage P&I
97%
$2,319
Property Taxes
35%
$849
Home Insurance
7%
$164
HOA
2%
$38
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0