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This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $103k initial cash invested.
-13.18%
Cash On Cash
3.58%
Cap Rate
0.59
DSCR
$2,585
Rent
-$1,130
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,585 income − $3,715 expenses = $1,130 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%
$98,020
Closing costs
1%
$4,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,585
Total Expenses
$3,715
Mortgage P&I
95%
$2,465
Property Taxes
16%
$406
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0