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This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $121k initial cash invested.
-7.57%
Cash On Cash
4.26%
Cap Rate
0.73
DSCR
$3,236
Rent
-$761
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,236 income − $3,997 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,700
Closing costs
1%
$4,885
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,236
Total Expenses
$3,997
Mortgage P&I
73%
$2,368
Property Taxes
7%
$235
Home Insurance
6%
$210
HOA
3%
$85
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356