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This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $117k initial cash invested.
-6.2%
Cash On Cash
4.89%
Cap Rate
0.8
DSCR
$3,351
Rent
-$603
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,351 income − $3,954 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,940
Closing costs
1%
$4,697
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$3,954
Mortgage P&I
71%
$2,383
Property Taxes
8%
$263
Home Insurance
5%
$168
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369