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This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $103k initial cash invested.
-14.18%
Cash On Cash
3.47%
Cap Rate
0.57
DSCR
$2,924
Rent
-$1,219
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,924 income − $4,143 expenses = $1,219 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,280
Closing costs
1%
$4,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,924
Total Expenses
$4,143
Mortgage P&I
85%
$2,493
Property Taxes
25%
$719
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0