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This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $108k initial cash invested.
-2.42%
Cash On Cash
5.91%
Cap Rate
0.96
DSCR
$3,338
Rent
-$218
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,338 income − $3,556 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,700
Closing costs
1%
$4,285
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$3,556
Mortgage P&I
66%
$2,195
Property Taxes
3%
$97
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367