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This property looks like a bad Long-Term investment with a projected -19.81% first-year return on $103k initial cash invested.
-19.81%
Cash On Cash
2.29%
Cap Rate
0.37
DSCR
$2,115
Rent
-$1,698
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,115 income − $3,813 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,115
Total Expenses
$3,813
Mortgage P&I
119%
$2,525
Property Taxes
25%
$523
Home Insurance
8%
$172
HOA
2%
$42
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0