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This property looks like a bad Mid-Term investment with a projected -6.69% first-year return on $120k initial cash invested.
-6.69%
Cash On Cash
4.83%
Cap Rate
0.79
DSCR
$3,958
Rent
-$671
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,958 income − $4,629 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,958
Total Expenses
$4,629
Mortgage P&I
63%
$2,475
Property Taxes
10%
$412
Home Insurance
4%
$175
HOA
6%
$222
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435