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This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $103k initial cash invested.
-11.6%
Cash On Cash
4.12%
Cap Rate
0.66
DSCR
$2,884
Rent
-$993
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,884 income − $3,877 expenses = $993 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,884
Total Expenses
$3,877
Mortgage P&I
88%
$2,526
Property Taxes
15%
$431
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0