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This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $103k initial cash invested.
-13.67%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$2,680
Rent
-$1,169
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,680 income − $3,849 expenses = $1,169 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,740
Closing costs
1%
$4,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$3,849
Mortgage P&I
100%
$2,667
Property Taxes
9%
$253
Home Insurance
6%
$172
HOA
2%
$60
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0