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This property looks like a bad Mid-Term investment with a projected -11.49% first-year return on $120k initial cash invested.
-11.49%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,978
Rent
-$1,153
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,978 income − $4,131 expenses = $1,153 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,520
Closing costs
1%
$4,876
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$4,131
Mortgage P&I
89%
$2,661
Property Taxes
10%
$286
Home Insurance
6%
$172
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328