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This property looks like a bad Mid-Term investment with a projected -13.8% first-year return on $129k initial cash invested.
-13.8%
Cash On Cash
2.94%
Cap Rate
0.49
DSCR
$2,996
Rent
-$1,486
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,996 income − $4,482 expenses = $1,486 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,294
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$4,482
Mortgage P&I
89%
$2,663
Property Taxes
20%
$610
Home Insurance
6%
$189
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330