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This property looks like a bad Mid-Term investment with a projected -6.92% first-year return on $107k initial cash invested.
-6.92%
Cash On Cash
4.58%
Cap Rate
0.77
DSCR
$3,654
Rent
-$617
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,654 income − $4,271 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$4,271
Mortgage P&I
57%
$2,086
Property Taxes
22%
$796
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402