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This property looks like a bad Mid-Term investment with a projected -12.24% first-year return on $142k initial cash invested.
-12.24%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$3,218
Rent
-$1,445
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,218 income − $4,663 expenses = $1,445 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,218
Total Expenses
$4,663
Mortgage P&I
100%
$3,219
Property Taxes
4%
$143
Home Insurance
6%
$206
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354