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This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $103k initial cash invested.
-11.29%
Cash On Cash
3.93%
Cap Rate
0.66
DSCR
$2,637
Rent
-$965
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,637 income − $3,602 expenses = $965 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,700
Closing costs
1%
$4,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$3,602
Mortgage P&I
92%
$2,434
Property Taxes
12%
$307
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0