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This property looks like a bad Mid-Term investment with a projected -2.23% first-year return on $121k initial cash invested.
-2.23%
Cash On Cash
5.75%
Cap Rate
0.97
DSCR
$3,885
Rent
-$225
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,885 income − $4,110 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,885
Total Expenses
$4,110
Mortgage P&I
62%
$2,416
Property Taxes
5%
$202
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427