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This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $103k initial cash invested.
-11.88%
Cash On Cash
4%
Cap Rate
0.65
DSCR
$2,484
Rent
-$1,021
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,484 income − $3,505 expenses = $1,021 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,180
Closing costs
1%
$4,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,484
Total Expenses
$3,505
Mortgage P&I
102%
$2,533
Property Taxes
6%
$152
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0