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This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $120k initial cash invested.
-0.8%
Cash On Cash
6.3%
Cap Rate
1.05
DSCR
$4,779
Rent
-$80
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,779 income − $4,859 expenses = $80 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,520
Closing costs
1%
$4,876
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,779
Total Expenses
$4,859
Mortgage P&I
51%
$2,447
Property Taxes
13%
$613
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526