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This property looks like a bad Long-Term investment with a projected -3.2% first-year return on $103k initial cash invested.
-3.2%
Cash On Cash
5.99%
Cap Rate
0.97
DSCR
$4,006
Rent
-$275
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,006 income − $4,281 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$492k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$98,300
Closing costs
1%
$4,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,006
Total Expenses
$4,281
Mortgage P&I
63%
$2,528
Property Taxes
13%
$537
Home Insurance
4%
$175
HOA
0%
$0
Property Management
10%
$401
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0