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This property looks like a bad Long-Term investment with a projected -13.3% first-year return on $103k initial cash invested.
-13.3%
Cash On Cash
3.31%
Cap Rate
0.57
DSCR
$2,258
Rent
-$1,140
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,258 income − $3,398 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,258
Total Expenses
$3,398
Mortgage P&I
105%
$2,377
Property Taxes
6%
$142
Home Insurance
8%
$172
HOA
5%
$120
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0