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This property looks like a bad Long-Term investment with a projected -12.02% first-year return on $103k initial cash invested.
-12.02%
Cash On Cash
3.81%
Cap Rate
0.64
DSCR
$2,964
Rent
-$1,035
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,964 income − $3,999 expenses = $1,035 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,440
Closing costs
1%
$4,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,964
Total Expenses
$3,999
Mortgage P&I
83%
$2,450
Property Taxes
21%
$615
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0