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This property looks like a bad Mid-Term investment with a projected -2.86% first-year return on $122k initial cash invested.
-2.86%
Cash On Cash
5.87%
Cap Rate
0.96
DSCR
$4,647
Rent
-$290
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,647 income − $4,937 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$493k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,600
Closing costs
1%
$4,930
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,647
Total Expenses
$4,937
Mortgage P&I
54%
$2,516
Property Taxes
14%
$666
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511