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This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $103k initial cash invested.
-17.5%
Cash On Cash
2.73%
Cap Rate
0.45
DSCR
$2,354
Rent
-$1,500
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,354 income − $3,854 expenses = $1,500 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%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,354
Total Expenses
$3,854
Mortgage P&I
106%
$2,497
Property Taxes
24%
$573
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0