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This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $104k initial cash invested.
-13.63%
Cash On Cash
3.63%
Cap Rate
0.59
DSCR
$2,462
Rent
-$1,179
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,462 income − $3,641 expenses = $1,179 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,840
Closing costs
1%
$4,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$3,641
Mortgage P&I
104%
$2,553
Property Taxes
11%
$269
Home Insurance
7%
$175
HOA
0%
$4
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0