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This property looks like a bad Long-Term investment with a projected -21.03% first-year return on $103k initial cash invested.
-21.03%
Cash On Cash
1.97%
Cap Rate
0.32
DSCR
$2,044
Rent
-$1,803
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,044 income − $3,847 expenses = $1,803 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,044
Total Expenses
$3,847
Mortgage P&I
123%
$2,504
Property Taxes
31%
$640
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0