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This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $103k initial cash invested.
-11.36%
Cash On Cash
4.46%
Cap Rate
0.69
DSCR
$3,005
Rent
-$975
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,005 income − $3,980 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,080
Closing costs
1%
$4,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,005
Total Expenses
$3,980
Mortgage P&I
88%
$2,646
Property Taxes
13%
$381
Home Insurance
6%
$173
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0