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This property looks like a bad Long-Term investment with a projected -12.92% first-year return on $103k initial cash invested.
-12.92%
Cash On Cash
3.7%
Cap Rate
0.6
DSCR
$2,370
Rent
-$1,108
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,370 income − $3,478 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,370
Total Expenses
$3,478
Mortgage P&I
106%
$2,503
Property Taxes
8%
$185
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0