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This property looks like a bad Long-Term investment with a projected -4.5% first-year return on $103k initial cash invested.
-4.5%
Cash On Cash
5.43%
Cap Rate
0.91
DSCR
$3,234
Rent
-$385
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,234 income − $3,619 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,234
Total Expenses
$3,619
Mortgage P&I
75%
$2,437
Property Taxes
5%
$170
Home Insurance
5%
$171
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0