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This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $103k initial cash invested.
-11.59%
Cash On Cash
3.93%
Cap Rate
0.65
DSCR
$2,264
Rent
-$994
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,264 income − $3,258 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,264
Total Expenses
$3,258
Mortgage P&I
110%
$2,486
Property Taxes
1%
$12
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0