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This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $103k initial cash invested.
-11.44%
Cash On Cash
3.92%
Cap Rate
0.66
DSCR
$2,838
Rent
-$981
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,838 income − $3,819 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,838
Total Expenses
$3,819
Mortgage P&I
86%
$2,438
Property Taxes
16%
$468
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0