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This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $106k initial cash invested.
-6.7%
Cash On Cash
4.73%
Cap Rate
0.78
DSCR
$2,990
Rent
-$590
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,990 income − $3,580 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,500
Closing costs
1%
$4,175
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$3,580
Mortgage P&I
71%
$2,116
Property Taxes
10%
$298
Home Insurance
5%
$148
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329