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This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $117k initial cash invested.
-3.4%
Cash On Cash
6.22%
Cap Rate
0.93
DSCR
$3,958
Rent
-$331
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,958 income − $4,289 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,958
Total Expenses
$4,289
Mortgage P&I
66%
$2,609
Property Taxes
4%
$165
Home Insurance
4%
$164
HOA
0%
$6
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435