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This property looks like a bad Long-Term investment with a projected -9.25% first-year return on $103k initial cash invested.
-9.25%
Cash On Cash
4.44%
Cap Rate
0.74
DSCR
$3,100
Rent
-$792
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,100 income − $3,892 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,100
Total Expenses
$3,892
Mortgage P&I
79%
$2,447
Property Taxes
13%
$417
Home Insurance
6%
$172
HOA
2%
$50
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0