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This property looks like a bad Mid-Term investment with a projected -9.6% first-year return on $107k initial cash invested.
-9.6%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$2,854
Rent
-$856
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,854 income − $3,710 expenses = $856 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,720
Closing costs
1%
$4,236
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,854
Total Expenses
$3,710
Mortgage P&I
75%
$2,143
Property Taxes
15%
$418
Home Insurance
5%
$150
HOA
1%
$29
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314