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This property looks like a bad Long-Term investment with a projected -16.62% first-year return on $103k initial cash invested.
-16.62%
Cash On Cash
3.34%
Cap Rate
0.52
DSCR
$2,967
Rent
-$1,420
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,967 income − $4,387 expenses = $1,420 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,660
Closing costs
1%
$4,883
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,967
Total Expenses
$4,387
Mortgage P&I
89%
$2,632
Property Taxes
16%
$482
Home Insurance
6%
$172
HOA
11%
$330
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0