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This property looks like a bad Long-Term investment with a projected -13.79% first-year return on $98,700 initial cash invested.
-13.79%
Cash On Cash
3.38%
Cap Rate
0.56
DSCR
$2,261
Rent
-$1,134
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,261 income − $3,395 expenses = $1,134 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,700
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,261
Total Expenses
$3,395
Mortgage P&I
104%
$2,343
Property Taxes
13%
$300
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0