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This property looks like a bad Mid-Term investment with a projected -13.21% first-year return on $144k initial cash invested.
-13.21%
Cash On Cash
2.93%
Cap Rate
0.5
DSCR
$2,806
Rent
-$1,583
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,806 income − $4,389 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,806
Total Expenses
$4,389
Mortgage P&I
105%
$2,935
Property Taxes
10%
$290
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309