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This property looks like a bad Long-Term investment with a projected -10.19% first-year return on $103k initial cash invested.
-10.19%
Cash On Cash
4.09%
Cap Rate
0.69
DSCR
$2,590
Rent
-$874
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,590 income − $3,464 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,590
Total Expenses
$3,464
Mortgage P&I
93%
$2,416
Property Taxes
8%
$202
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0