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This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $103k initial cash invested.
-2.3%
Cash On Cash
5.86%
Cap Rate
0.97
DSCR
$3,196
Rent
-$198
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,196 income − $3,394 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,320
Closing costs
1%
$4,066
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$3,394
Mortgage P&I
64%
$2,055
Property Taxes
3%
$108
Home Insurance
4%
$143
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352