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This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $102k initial cash invested.
-14.59%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$2,711
Rent
-$1,245
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,711 income − $3,956 expenses = $1,245 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,540
Closing costs
1%
$4,877
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,711
Total Expenses
$3,956
Mortgage P&I
92%
$2,498
Property Taxes
21%
$579
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0