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This property looks like a bad Mid-Term investment with a projected -8.27% first-year return on $117k initial cash invested.
-8.27%
Cash On Cash
4.29%
Cap Rate
0.71
DSCR
$3,176
Rent
-$804
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,176 income − $3,980 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$3,980
Mortgage P&I
74%
$2,359
Property Taxes
11%
$363
Home Insurance
5%
$164
HOA
0%
$15
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349