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This property looks like a bad Mid-Term investment with a projected -0.82% first-year return on $107k initial cash invested.
-0.82%
Cash On Cash
6.2%
Cap Rate
1.03
DSCR
$3,538
Rent
-$73
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,538 income − $3,611 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,538
Total Expenses
$3,611
Mortgage P&I
60%
$2,124
Property Taxes
3%
$110
Home Insurance
4%
$152
HOA
1%
$21
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389