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This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $103k initial cash invested.
-16.21%
Cash On Cash
3.21%
Cap Rate
0.5
DSCR
$2,050
Rent
-$1,396
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,050 income − $3,446 expenses = $1,396 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,400
Closing costs
1%
$4,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$3,446
Mortgage P&I
127%
$2,610
Property Taxes
6%
$132
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0