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This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $104k initial cash invested.
-12.17%
Cash On Cash
3.83%
Cap Rate
0.63
DSCR
$2,404
Rent
-$1,052
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,404 income − $3,456 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,780
Closing costs
1%
$4,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$3,456
Mortgage P&I
104%
$2,507
Property Taxes
6%
$150
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0