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This property looks like a bad Long-Term investment with a projected -10.29% first-year return on $103k initial cash invested.
-10.29%
Cash On Cash
4.26%
Cap Rate
0.7
DSCR
$2,607
Rent
-$881
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,607 income − $3,488 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,820
Closing costs
1%
$4,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,607
Total Expenses
$3,488
Mortgage P&I
95%
$2,486
Property Taxes
6%
$155
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0