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This property looks like a bad Long-Term investment with a projected -11.96% first-year return on $103k initial cash invested.
-11.96%
Cash On Cash
4.06%
Cap Rate
0.65
DSCR
$2,389
Rent
-$1,025
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,389 income − $3,414 expenses = $1,025 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,980
Closing costs
1%
$4,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,389
Total Expenses
$3,414
Mortgage P&I
107%
$2,565
Property Taxes
2%
$57
Home Insurance
7%
$172
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0