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This property looks like a bad Long-Term investment with a projected -6.16% first-year return on $103k initial cash invested.
-6.16%
Cash On Cash
4.97%
Cap Rate
0.84
DSCR
$2,921
Rent
-$529
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,921 income − $3,450 expenses = $529 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%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,921
Total Expenses
$3,450
Mortgage P&I
83%
$2,416
Property Taxes
3%
$100
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0