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This property looks like a bad Long-Term investment with a projected -13.95% first-year return on $104k initial cash invested.
-13.95%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,909
Rent
-$1,212
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,909 income − $4,121 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$99,320
Closing costs
1%
$4,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,909
Total Expenses
$4,121
Mortgage P&I
94%
$2,722
Property Taxes
17%
$480
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$175
Maintenance
5%
$145
Other
0%
$0