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This property looks like a bad Mid-Term investment with a projected -11.83% first-year return on $117k initial cash invested.
-11.83%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$2,990
Rent
-$1,150
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,990 income − $4,140 expenses = $1,150 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,990
Total Expenses
$4,140
Mortgage P&I
87%
$2,605
Property Taxes
11%
$334
Home Insurance
6%
$175
HOA
0%
$8
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329