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This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $103k initial cash invested.
-11.79%
Cash On Cash
3.86%
Cap Rate
0.64
DSCR
$2,403
Rent
-$1,009
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,403 income − $3,412 expenses = $1,009 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,403
Total Expenses
$3,412
Mortgage P&I
102%
$2,463
Property Taxes
6%
$154
Home Insurance
7%
$171
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0