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This property looks like a bad Mid-Term investment with a projected -3.08% first-year return on $121k initial cash invested.
-3.08%
Cash On Cash
5.84%
Cap Rate
0.96
DSCR
$4,995
Rent
-$310
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,995 income − $5,305 expenses = $310 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%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,995
Total Expenses
$5,305
Mortgage P&I
50%
$2,490
Property Taxes
19%
$946
Home Insurance
3%
$171
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549