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This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $106k initial cash invested.
-2.4%
Cash On Cash
5.93%
Cap Rate
0.97
DSCR
$3,506
Rent
-$213
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,506 income − $3,719 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,220
Closing costs
1%
$4,211
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,506
Total Expenses
$3,719
Mortgage P&I
61%
$2,155
Property Taxes
6%
$223
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386