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This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $103k initial cash invested.
-16.73%
Cash On Cash
3.16%
Cap Rate
0.5
DSCR
$2,616
Rent
-$1,434
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,616 income − $4,050 expenses = $1,434 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,616
Total Expenses
$4,050
Mortgage P&I
99%
$2,593
Property Taxes
19%
$508
Home Insurance
10%
$268
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0