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This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $144k initial cash invested.
-2.37%
Cash On Cash
5.91%
Cap Rate
0.97
DSCR
$5,097
Rent
-$284
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,097 income − $5,381 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,097
Total Expenses
$5,381
Mortgage P&I
60%
$3,034
Property Taxes
8%
$403
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561