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This property looks like a bad Mid-Term investment with a projected -7.8% first-year return on $121k initial cash invested.
-7.8%
Cash On Cash
4.66%
Cap Rate
0.74
DSCR
$3,189
Rent
-$785
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,189 income − $3,974 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,840
Closing costs
1%
$4,892
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,189
Total Expenses
$3,974
Mortgage P&I
80%
$2,555
Property Taxes
5%
$175
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351