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This property looks like a bad Long-Term investment with a projected -9.88% first-year return on $103k initial cash invested.
-9.88%
Cash On Cash
4.25%
Cap Rate
0.71
DSCR
$2,754
Rent
-$845
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,754 income − $3,599 expenses = $845 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%
$97,740
Closing costs
1%
$4,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,754
Total Expenses
$3,599
Mortgage P&I
89%
$2,439
Property Taxes
10%
$269
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0