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This property looks like a bad Long-Term investment with a projected -22.83% first-year return on $103k initial cash invested.
-22.83%
Cash On Cash
1.85%
Cap Rate
0.29
DSCR
$1,877
Rent
-$1,952
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,877 income − $3,829 expenses = $1,952 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,877
Total Expenses
$3,829
Mortgage P&I
139%
$2,610
Property Taxes
15%
$281
Home Insurance
9%
$173
HOA
15%
$276
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0