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This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $104k initial cash invested.
-11.62%
Cash On Cash
3.8%
Cap Rate
0.64
DSCR
$2,275
Rent
-$1,004
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,275 income − $3,279 expenses = $1,004 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,780
Closing costs
1%
$4,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$3,279
Mortgage P&I
108%
$2,454
Property Taxes
3%
$58
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0