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This property looks like a bad Long-Term investment with a projected -10.18% first-year return on $103k initial cash invested.
-10.18%
Cash On Cash
4.06%
Cap Rate
0.69
DSCR
$2,589
Rent
-$873
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,589 income − $3,462 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,040
Closing costs
1%
$4,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,589
Total Expenses
$3,462
Mortgage P&I
93%
$2,404
Property Taxes
9%
$222
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0