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This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $124k initial cash invested.
-2.6%
Cash On Cash
5.89%
Cap Rate
0.98
DSCR
$5,394
Rent
-$269
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,394 income − $5,663 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$505k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,053
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,394
Total Expenses
$5,663
Mortgage P&I
47%
$2,532
Property Taxes
13%
$723
Home Insurance
3%
$180
HOA
7%
$394
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593