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This property looks like a bad Long-Term investment with a projected -16.04% first-year return on $103k initial cash invested.
-16.04%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$2,490
Rent
-$1,373
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,490 income − $3,863 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,490
Total Expenses
$3,863
Mortgage P&I
100%
$2,483
Property Taxes
23%
$562
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0