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This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $121k initial cash invested.
-5.28%
Cash On Cash
5.28%
Cap Rate
0.86
DSCR
$4,431
Rent
-$531
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,431 income − $4,962 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,431
Total Expenses
$4,962
Mortgage P&I
57%
$2,507
Property Taxes
17%
$769
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487