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This property looks like a bad Long-Term investment with a projected -14.47% first-year return on $103k initial cash invested.
-14.47%
Cash On Cash
3.35%
Cap Rate
0.56
DSCR
$3,011
Rent
-$1,238
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,011 income − $4,249 expenses = $1,238 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,011
Total Expenses
$4,249
Mortgage P&I
81%
$2,453
Property Taxes
28%
$841
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0