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This property looks like a bad Mid-Term investment with a projected -10.03% first-year return on $117k initial cash invested.
-10.03%
Cash On Cash
3.89%
Cap Rate
0.64
DSCR
$3,255
Rent
-$975
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,255 income − $4,230 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,255
Total Expenses
$4,230
Mortgage P&I
73%
$2,368
Property Taxes
18%
$588
Home Insurance
5%
$164
HOA
0%
$3
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358