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This property looks like a bad Long-Term investment with a projected -8.08% first-year return on $103k initial cash invested.
-8.08%
Cash On Cash
4.75%
Cap Rate
0.79
DSCR
$3,293
Rent
-$693
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,293 income − $3,986 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,293
Total Expenses
$3,986
Mortgage P&I
75%
$2,469
Property Taxes
15%
$488
Home Insurance
5%
$172
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0