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This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $121k initial cash invested.
-1.63%
Cash On Cash
6.25%
Cap Rate
1.02
DSCR
$5,078
Rent
-$164
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,078 income − $5,242 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,078
Total Expenses
$5,242
Mortgage P&I
49%
$2,510
Property Taxes
16%
$835
Home Insurance
3%
$171
HOA
0%
$0
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559