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This property looks like a bad Long-Term investment with a projected -11.53% first-year return on $103k initial cash invested.
-11.53%
Cash On Cash
3.86%
Cap Rate
0.65
DSCR
$2,598
Rent
-$985
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,598 income − $3,583 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,620
Closing costs
1%
$4,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,598
Total Expenses
$3,583
Mortgage P&I
93%
$2,426
Property Taxes
12%
$305
Home Insurance
7%
$175
HOA
0%
$1
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0