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This property looks like a bad Long-Term investment with a projected -11.89% first-year return on $103k initial cash invested.
-11.89%
Cash On Cash
4.06%
Cap Rate
0.66
DSCR
$3,137
Rent
-$1,020
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,137 income − $4,157 expenses = $1,020 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,060
Closing costs
1%
$4,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,137
Total Expenses
$4,157
Mortgage P&I
80%
$2,522
Property Taxes
21%
$661
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0