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This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $103k initial cash invested.
-11.41%
Cash On Cash
4%
Cap Rate
0.66
DSCR
$2,689
Rent
-$979
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,689 income − $3,668 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,689
Total Expenses
$3,668
Mortgage P&I
92%
$2,480
Property Taxes
12%
$317
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0