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This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $121k initial cash invested.
-3.53%
Cash On Cash
5.68%
Cap Rate
0.92
DSCR
$3,990
Rent
-$355
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,990 income − $4,345 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,820
Closing costs
1%
$4,891
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$4,345
Mortgage P&I
63%
$2,512
Property Taxes
6%
$238
Home Insurance
4%
$172
HOA
2%
$65
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439