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This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $120k initial cash invested.
-5.59%
Cash On Cash
5.27%
Cap Rate
0.84
DSCR
$3,932
Rent
-$561
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,932 income − $4,493 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,600
Closing costs
1%
$4,880
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,932
Total Expenses
$4,493
Mortgage P&I
65%
$2,548
Property Taxes
0%
$8
Home Insurance
4%
$175
HOA
11%
$425
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433