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This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $120k initial cash invested.
-8.25%
Cash On Cash
4.22%
Cap Rate
0.71
DSCR
$2,834
Rent
-$828
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,834 income − $3,662 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,600
Closing costs
1%
$4,880
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,834
Total Expenses
$3,662
Mortgage P&I
86%
$2,432
Property Taxes
3%
$96
Home Insurance
6%
$171
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312