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This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $117k initial cash invested.
-9.15%
Cash On Cash
3.97%
Cap Rate
0.66
DSCR
$2,548
Rent
-$890
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,548 income − $3,438 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,548
Total Expenses
$3,438
Mortgage P&I
92%
$2,341
Property Taxes
2%
$59
Home Insurance
6%
$164
HOA
0%
$8
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280