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This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $106k initial cash invested.
-2.6%
Cash On Cash
5.89%
Cap Rate
0.96
DSCR
$3,516
Rent
-$230
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,516 income − $3,746 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,516
Total Expenses
$3,746
Mortgage P&I
61%
$2,151
Property Taxes
6%
$212
Home Insurance
4%
$146
HOA
1%
$41
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387