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This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $102k initial cash invested.
-11.87%
Cash On Cash
3.96%
Cap Rate
0.64
DSCR
$2,387
Rent
-$1,013
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,387 income − $3,400 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,387
Total Expenses
$3,400
Mortgage P&I
105%
$2,502
Property Taxes
4%
$103
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0