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This property looks like a bad Mid-Term investment with a projected -9.65% first-year return on $119k initial cash invested.
-9.65%
Cash On Cash
4.21%
Cap Rate
0.67
DSCR
$2,896
Rent
-$955
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,896 income − $3,851 expenses = $955 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$95,998
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,896
Total Expenses
$3,851
Mortgage P&I
87%
$2,523
Property Taxes
6%
$174
Home Insurance
6%
$168
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319