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This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $103k initial cash invested.
-12.35%
Cash On Cash
4.09%
Cap Rate
0.65
DSCR
$2,963
Rent
-$1,057
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,963 income − $4,020 expenses = $1,057 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,963
Total Expenses
$4,020
Mortgage P&I
87%
$2,575
Property Taxes
12%
$359
Home Insurance
6%
$166
HOA
5%
$150
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0