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This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $103k initial cash invested.
-10.23%
Cash On Cash
4.22%
Cap Rate
0.7
DSCR
$2,648
Rent
-$877
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,648 income − $3,525 expenses = $877 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%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,648
Total Expenses
$3,525
Mortgage P&I
93%
$2,470
Property Taxes
7%
$195
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0