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This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $102k initial cash invested.
-2.99%
Cash On Cash
5.57%
Cap Rate
0.93
DSCR
$2,980
Rent
-$255
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,980 income − $3,235 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,400
Closing costs
1%
$4,020
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,980
Total Expenses
$3,235
Mortgage P&I
67%
$2,001
Property Taxes
2%
$74
Home Insurance
5%
$147
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328