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This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $121k initial cash invested.
-5.47%
Cash On Cash
4.98%
Cap Rate
0.83
DSCR
$3,506
Rent
-$550
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,506 income − $4,056 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,506
Total Expenses
$4,056
Mortgage P&I
70%
$2,440
Property Taxes
7%
$249
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386