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This property looks like a bad Long-Term investment with a projected -12.43% first-year return on $103k initial cash invested.
-12.43%
Cash On Cash
3.76%
Cap Rate
0.62
DSCR
$2,764
Rent
-$1,066
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,764 income − $3,830 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,764
Total Expenses
$3,830
Mortgage P&I
89%
$2,464
Property Taxes
17%
$473
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0