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This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $102k initial cash invested.
-2.87%
Cash On Cash
5.5%
Cap Rate
0.94
DSCR
$3,086
Rent
-$243
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,086 income − $3,329 expenses = $243 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,680
Closing costs
1%
$3,984
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,086
Total Expenses
$3,329
Mortgage P&I
63%
$1,945
Property Taxes
6%
$196
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339