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This property looks like a bad Long-Term investment with a projected -12.58% first-year return on $103k initial cash invested.
-12.58%
Cash On Cash
3.78%
Cap Rate
0.62
DSCR
$2,407
Rent
-$1,078
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,407 income − $3,485 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,407
Total Expenses
$3,485
Mortgage P&I
104%
$2,499
Property Taxes
8%
$190
Home Insurance
7%
$171
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0