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This property looks like a bad Mid-Term investment with a projected -3.89% first-year return on $121k initial cash invested.
-3.89%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$4,472
Rent
-$392
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,472 income − $4,864 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,472
Total Expenses
$4,864
Mortgage P&I
60%
$2,671
Property Taxes
11%
$497
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492