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This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $103k initial cash invested.
-13.93%
Cash On Cash
3.3%
Cap Rate
0.56
DSCR
$2,292
Rent
-$1,192
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,292 income − $3,484 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,292
Total Expenses
$3,484
Mortgage P&I
106%
$2,423
Property Taxes
13%
$293
Home Insurance
7%
$171
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0