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This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $107k initial cash invested.
-2.26%
Cash On Cash
5.75%
Cap Rate
0.97
DSCR
$3,261
Rent
-$202
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,261 income − $3,463 expenses = $202 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,261
Total Expenses
$3,463
Mortgage P&I
65%
$2,104
Property Taxes
1%
$47
Home Insurance
5%
$154
HOA
2%
$50
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359