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This property looks like a bad Long-Term investment with a projected -1.76% first-year return on $103k initial cash invested.
-1.76%
Cash On Cash
6.07%
Cap Rate
1.03
DSCR
$4,370
Rent
-$151
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,370 income − $4,521 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.3%
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
$4,370
Total Expenses
$4,521
Mortgage P&I
55%
$2,408
Property Taxes
18%
$807
Home Insurance
4%
$171
HOA
0%
$0
Property Management
10%
$437
CapEx
5%
$218
Vacancy
6%
$262
Maintenance
5%
$218
Other
0%
$0