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This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $104k initial cash invested.
-14.94%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$2,630
Rent
-$1,292
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,630 income − $3,922 expenses = $1,292 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,840
Closing costs
1%
$4,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,630
Total Expenses
$3,922
Mortgage P&I
95%
$2,494
Property Taxes
21%
$565
Home Insurance
7%
$178
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0