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This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $103k initial cash invested.
-11.91%
Cash On Cash
3.99%
Cap Rate
0.65
DSCR
$2,660
Rent
-$1,019
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,660 income − $3,679 expenses = $1,019 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%
$97,820
Closing costs
1%
$4,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$3,679
Mortgage P&I
94%
$2,512
Property Taxes
9%
$238
Home Insurance
6%
$172
HOA
2%
$65
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0