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This property looks like a bad Mid-Term investment with a projected -2.95% first-year return on $141k initial cash invested.
-2.95%
Cash On Cash
5.56%
Cap Rate
0.95
DSCR
$5,334
Rent
-$346
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,334 income − $5,680 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,851
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,334
Total Expenses
$5,680
Mortgage P&I
53%
$2,843
Property Taxes
16%
$832
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587