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This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $113k initial cash invested.
-2.97%
Cash On Cash
5.6%
Cap Rate
0.94
DSCR
$3,456
Rent
-$279
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,456 income − $3,735 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,280
Closing costs
1%
$4,514
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,456
Total Expenses
$3,735
Mortgage P&I
65%
$2,248
Property Taxes
4%
$154
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380