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This property looks like a bad Mid-Term investment with a projected -9.25% first-year return on $142k initial cash invested.
-9.25%
Cash On Cash
4.24%
Cap Rate
0.7
DSCR
$5,006
Rent
-$1,092
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,006 income − $6,098 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,887
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,006
Total Expenses
$6,098
Mortgage P&I
59%
$2,970
Property Taxes
16%
$784
Home Insurance
4%
$212
HOA
9%
$430
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551