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This property looks like a bad Mid-Term investment with a projected -9.44% first-year return on $120k initial cash invested.
-9.44%
Cash On Cash
3.87%
Cap Rate
0.66
DSCR
$3,723
Rent
-$948
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,723 income − $4,671 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,723
Total Expenses
$4,671
Mortgage P&I
64%
$2,371
Property Taxes
22%
$804
Home Insurance
5%
$175
HOA
1%
$54
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410