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This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $142k initial cash invested.
-2.6%
Cash On Cash
5.89%
Cap Rate
0.97
DSCR
$5,560
Rent
-$307
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,560 income − $5,867 expenses = $307 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%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,560
Total Expenses
$5,867
Mortgage P&I
54%
$2,978
Property Taxes
15%
$807
Home Insurance
3%
$192
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$612