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This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $121k initial cash invested.
-3.33%
Cash On Cash
5.8%
Cap Rate
0.93
DSCR
$3,898
Rent
-$335
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,898 income − $4,233 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,860
Closing costs
1%
$4,893
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,898
Total Expenses
$4,233
Mortgage P&I
65%
$2,543
Property Taxes
5%
$189
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429