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This property looks like a bad Long-Term investment with a projected -7.98% first-year return on $103k initial cash invested.
-7.98%
Cash On Cash
4.76%
Cap Rate
0.79
DSCR
$3,132
Rent
-$682
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,132 income − $3,814 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,640
Closing costs
1%
$4,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,132
Total Expenses
$3,814
Mortgage P&I
79%
$2,461
Property Taxes
12%
$380
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0