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This property looks like a bad Long-Term investment with a projected -16.01% first-year return on $103k initial cash invested.
-16.01%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,099
Rent
-$1,374
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,099 income − $3,473 expenses = $1,374 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,099
Total Expenses
$3,473
Mortgage P&I
119%
$2,497
Property Taxes
12%
$257
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0