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This property looks like a bad Long-Term investment with a projected -16.35% first-year return on $103k initial cash invested.
-16.35%
Cash On Cash
2.83%
Cap Rate
0.47
DSCR
$2,388
Rent
-$1,403
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,388 income − $3,791 expenses = $1,403 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,388
Total Expenses
$3,791
Mortgage P&I
102%
$2,442
Property Taxes
27%
$633
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0