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This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $103k initial cash invested.
-5.24%
Cash On Cash
5.16%
Cap Rate
0.84
DSCR
$2,948
Rent
-$450
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,948 income − $3,398 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,948
Total Expenses
$3,398
Mortgage P&I
70%
$2,074
Property Taxes
6%
$180
Home Insurance
5%
$142
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324