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This property looks like a bad Long-Term investment with a projected -23.48% first-year return on $103k initial cash invested.
-23.48%
Cash On Cash
1.32%
Cap Rate
0.22
DSCR
$1,547
Rent
-$2,013
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,547 income − $3,560 expenses = $2,013 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,547
Total Expenses
$3,560
Mortgage P&I
160%
$2,473
Property Taxes
34%
$527
Home Insurance
10%
$158
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0