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This property looks like a bad Mid-Term investment with a projected -13.33% first-year return on $142k initial cash invested.
-13.33%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$3,483
Rent
-$1,575
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,483 income − $5,058 expenses = $1,575 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,895
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,483
Total Expenses
$5,058
Mortgage P&I
87%
$3,027
Property Taxes
18%
$642
Home Insurance
6%
$206
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383