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This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $104k initial cash invested.
-12.09%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$2,929
Rent
-$1,052
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,929 income − $3,981 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,480
Closing costs
1%
$4,974
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,929
Total Expenses
$3,981
Mortgage P&I
87%
$2,540
Property Taxes
17%
$506
Home Insurance
6%
$174
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0