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This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $121k initial cash invested.
-2.6%
Cash On Cash
5.89%
Cap Rate
0.96
DSCR
$4,268
Rent
-$262
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,268 income − $4,530 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,268
Total Expenses
$4,530
Mortgage P&I
59%
$2,497
Property Taxes
8%
$352
Home Insurance
4%
$172
HOA
1%
$58
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$469