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This property looks like a bad Long-Term investment with a projected -8.29% first-year return on $103k initial cash invested.
-8.29%
Cash On Cash
4.79%
Cap Rate
0.78
DSCR
$3,056
Rent
-$710
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,056 income − $3,766 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,860
Closing costs
1%
$4,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,056
Total Expenses
$3,766
Mortgage P&I
82%
$2,509
Property Taxes
9%
$287
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0