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This property looks like a bad Long-Term investment with a projected -13.23% first-year return on $104k initial cash invested.
-13.23%
Cash On Cash
3.6%
Cap Rate
0.59
DSCR
$2,638
Rent
-$1,142
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,638 income − $3,780 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,680
Closing costs
1%
$4,934
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,638
Total Expenses
$3,780
Mortgage P&I
94%
$2,492
Property Taxes
16%
$427
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0