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This property looks like a bad Long-Term investment with a projected -10.46% first-year return on $104k initial cash invested.
-10.46%
Cash On Cash
3.9%
Cap Rate
0.67
DSCR
$2,602
Rent
-$905
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,602 income − $3,507 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,840
Closing costs
1%
$4,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,602
Total Expenses
$3,507
Mortgage P&I
92%
$2,382
Property Taxes
11%
$293
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0