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This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $120k initial cash invested.
-2.45%
Cash On Cash
6.46%
Cap Rate
0.97
DSCR
$4,428
Rent
-$246
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,428 income − $4,674 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,428
Total Expenses
$4,674
Mortgage P&I
61%
$2,693
Property Taxes
6%
$256
Home Insurance
5%
$200
HOA
0%
$20
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487