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This property looks like a bad Mid-Term investment with a projected -4.37% first-year return on $107k initial cash invested.
-4.37%
Cash On Cash
5.37%
Cap Rate
0.88
DSCR
$3,270
Rent
-$390
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,270 income − $3,660 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,780
Closing costs
1%
$4,239
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,270
Total Expenses
$3,660
Mortgage P&I
66%
$2,155
Property Taxes
7%
$241
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360