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This property looks like a bad Long-Term investment with a projected -9.31% first-year return on $103k initial cash invested.
-9.31%
Cash On Cash
4.36%
Cap Rate
0.73
DSCR
$2,750
Rent
-$797
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,750 income − $3,547 expenses = $797 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
$2,750
Total Expenses
$3,547
Mortgage P&I
89%
$2,435
Property Taxes
8%
$225
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0