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This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $103k initial cash invested.
-16.48%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$2,253
Rent
-$1,413
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,253 income − $3,666 expenses = $1,413 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,253
Total Expenses
$3,666
Mortgage P&I
113%
$2,537
Property Taxes
16%
$371
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0