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This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $103k initial cash invested.
-14.31%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$2,609
Rent
-$1,234
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,609 income − $3,843 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,520
Closing costs
1%
$4,926
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$3,843
Mortgage P&I
99%
$2,588
Property Taxes
15%
$404
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0