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This property looks like a bad Mid-Term investment with a projected -8.29% first-year return on $119k initial cash invested.
-8.29%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$3,718
Rent
-$821
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,718 income − $4,539 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,718
Total Expenses
$4,539
Mortgage P&I
65%
$2,432
Property Taxes
18%
$674
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409