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This property looks like a bad Long-Term investment with a projected -13.72% first-year return on $103k initial cash invested.
-13.72%
Cash On Cash
3.26%
Cap Rate
0.56
DSCR
$2,798
Rent
-$1,174
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,798 income − $3,972 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.1%
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
$2,798
Total Expenses
$3,972
Mortgage P&I
84%
$2,361
Property Taxes
25%
$708
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0