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This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $103k initial cash invested.
-9.75%
Cash On Cash
4.29%
Cap Rate
0.72
DSCR
$2,806
Rent
-$836
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,806 income − $3,642 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,806
Total Expenses
$3,642
Mortgage P&I
87%
$2,446
Property Taxes
11%
$295
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0