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This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $103k initial cash invested.
-11.42%
Cash On Cash
3.98%
Cap Rate
0.65
DSCR
$2,426
Rent
-$977
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,426 income − $3,403 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,426
Total Expenses
$3,403
Mortgage P&I
102%
$2,479
Property Taxes
5%
$122
Home Insurance
7%
$171
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0