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This property looks like a bad Long-Term investment with a projected -9.33% first-year return on $103k initial cash invested.
-9.33%
Cash On Cash
4.23%
Cap Rate
0.72
DSCR
$2,701
Rent
-$804
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,701 income − $3,505 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,500
Closing costs
1%
$4,925
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,701
Total Expenses
$3,505
Mortgage P&I
89%
$2,406
Property Taxes
9%
$240
Home Insurance
6%
$157
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0