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This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $120k initial cash invested.
-3.4%
Cash On Cash
5.79%
Cap Rate
0.94
DSCR
$4,722
Rent
-$341
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,722 income − $5,063 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,400
Closing costs
1%
$4,870
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,722
Total Expenses
$5,063
Mortgage P&I
53%
$2,503
Property Taxes
10%
$482
Home Insurance
4%
$172
HOA
6%
$300
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519