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This property looks like a bad Mid-Term investment with a projected -6.59% first-year return on $117k initial cash invested.
-6.59%
Cash On Cash
5.12%
Cap Rate
0.8
DSCR
$3,651
Rent
-$641
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,651 income − $4,292 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,651
Total Expenses
$4,292
Mortgage P&I
68%
$2,499
Property Taxes
11%
$387
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402