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This property looks like a bad Mid-Term investment with a projected -8.9% first-year return on $121k initial cash invested.
-8.9%
Cash On Cash
4.18%
Cap Rate
0.69
DSCR
$3,002
Rent
-$898
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,002 income − $3,900 expenses = $898 out of pocket
Investment Breakdown
|
Purchase Price
$491k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,200
Closing costs
1%
$4,910
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$3,900
Mortgage P&I
83%
$2,490
Property Taxes
3%
$75
Home Insurance
10%
$315
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330