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This property looks like a bad Long-Term investment with a projected -17.65% first-year return on $103k initial cash invested.
-17.65%
Cash On Cash
2.55%
Cap Rate
0.42
DSCR
$1,671
Rent
-$1,510
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,671 income − $3,181 expenses = $1,510 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,671
Total Expenses
$3,181
Mortgage P&I
148%
$2,466
Property Taxes
6%
$105
Home Insurance
10%
$175
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0