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This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $103k initial cash invested.
-16.19%
Cash On Cash
2.9%
Cap Rate
0.48
DSCR
$2,121
Rent
-$1,395
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,121 income − $3,516 expenses = $1,395 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,460
Closing costs
1%
$4,923
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$3,516
Mortgage P&I
117%
$2,478
Property Taxes
15%
$308
Home Insurance
8%
$179
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0