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This property looks like a bad Long-Term investment with a projected -16.61% first-year return on $103k initial cash invested.
-16.61%
Cash On Cash
2.83%
Cap Rate
0.47
DSCR
$2,744
Rent
-$1,420
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,744 income − $4,164 expenses = $1,420 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,700
Closing costs
1%
$4,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,744
Total Expenses
$4,164
Mortgage P&I
89%
$2,434
Property Taxes
30%
$821
Home Insurance
7%
$196
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0