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This property looks like a bad Mid-Term investment with a projected -6.46% first-year return on $107k initial cash invested.
-6.46%
Cash On Cash
4.74%
Cap Rate
0.79
DSCR
$3,000
Rent
-$577
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,000 income − $3,577 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,860
Closing costs
1%
$4,243
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,000
Total Expenses
$3,577
Mortgage P&I
71%
$2,132
Property Taxes
9%
$268
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330