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This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $103k initial cash invested.
-14.6%
Cash On Cash
3.28%
Cap Rate
0.54
DSCR
$2,644
Rent
-$1,250
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,644 income − $3,894 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$3,894
Mortgage P&I
93%
$2,456
Property Taxes
22%
$578
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0