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This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $103k initial cash invested.
-12.13%
Cash On Cash
3.79%
Cap Rate
0.63
DSCR
$2,588
Rent
-$1,037
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,588 income − $3,625 expenses = $1,037 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%
$97,700
Closing costs
1%
$4,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,588
Total Expenses
$3,625
Mortgage P&I
95%
$2,450
Property Taxes
12%
$306
Home Insurance
7%
$172
HOA
1%
$25
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0