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This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $103k initial cash invested.
-13.82%
Cash On Cash
3.42%
Cap Rate
0.57
DSCR
$2,473
Rent
-$1,186
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,473 income − $3,659 expenses = $1,186 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,060
Closing costs
1%
$4,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,473
Total Expenses
$3,659
Mortgage P&I
99%
$2,458
Property Taxes
15%
$383
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0