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This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $106k initial cash invested.
-7.34%
Cash On Cash
4.59%
Cap Rate
0.75
DSCR
$2,943
Rent
-$650
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,943 income − $3,593 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$3,593
Mortgage P&I
73%
$2,137
Property Taxes
10%
$308
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324