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This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $103k initial cash invested.
-15.56%
Cash On Cash
3.66%
Cap Rate
0.55
DSCR
$2,363
Rent
-$1,330
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,363 income − $3,693 expenses = $1,330 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,680
Closing costs
1%
$4,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,363
Total Expenses
$3,693
Mortgage P&I
114%
$2,702
Property Taxes
9%
$202
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0