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This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $103k initial cash invested.
-15.09%
Cash On Cash
3.43%
Cap Rate
0.55
DSCR
$2,613
Rent
-$1,292
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,613 income − $3,905 expenses = $1,292 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,613
Total Expenses
$3,905
Mortgage P&I
98%
$2,558
Property Taxes
19%
$492
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0