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This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $120k initial cash invested.
-7.03%
Cash On Cash
4.7%
Cap Rate
0.77
DSCR
$3,291
Rent
-$704
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,291 income − $3,995 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,360
Closing costs
1%
$4,868
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,291
Total Expenses
$3,995
Mortgage P&I
75%
$2,479
Property Taxes
7%
$221
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362