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This property looks like a bad Long-Term investment with a projected -6.35% first-year return on $103k initial cash invested.
-6.35%
Cash On Cash
5.04%
Cap Rate
0.84
DSCR
$2,948
Rent
-$543
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,948 income − $3,491 expenses = $543 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
$2,948
Total Expenses
$3,491
Mortgage P&I
83%
$2,450
Property Taxes
4%
$107
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0