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This property looks like a bad Long-Term investment with a projected -6.18% first-year return on $103k initial cash invested.
-6.18%
Cash On Cash
5.09%
Cap Rate
0.85
DSCR
$3,063
Rent
-$529
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,063 income − $3,592 expenses = $529 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%
$97,760
Closing costs
1%
$4,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,063
Total Expenses
$3,592
Mortgage P&I
80%
$2,449
Property Taxes
5%
$161
Home Insurance
6%
$178
HOA
0%
$8
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0