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This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $148k initial cash invested.
-2.87%
Cash On Cash
5.66%
Cap Rate
0.97
DSCR
$6,740
Rent
-$355
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,740 income − $7,095 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,740
Total Expenses
$7,095
Mortgage P&I
45%
$3,009
Property Taxes
20%
$1,359
Home Insurance
3%
$217
HOA
3%
$218
Property Management
12%
$809
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$741