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This property looks like a bad Mid-Term investment with a projected -9.19% first-year return on $117k initial cash invested.
-9.19%
Cash On Cash
4.1%
Cap Rate
0.67
DSCR
$2,990
Rent
-$894
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,990 income − $3,884 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$3,884
Mortgage P&I
80%
$2,381
Property Taxes
11%
$321
Home Insurance
5%
$164
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329