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This property looks like a bad Mid-Term investment with a projected -0.07% first-year return on $107k initial cash invested.
-0.07%
Cash On Cash
6.51%
Cap Rate
1.07
DSCR
$3,960
Rent
-$6
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,960 income − $3,966 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,960
Total Expenses
$3,966
Mortgage P&I
54%
$2,149
Property Taxes
8%
$319
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$436