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This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $106k initial cash invested.
-2.4%
Cash On Cash
6.33%
Cap Rate
0.98
DSCR
$4,064
Rent
-$212
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,064 income − $4,276 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,064
Total Expenses
$4,276
Mortgage P&I
56%
$2,264
Property Taxes
10%
$410
Home Insurance
4%
$147
HOA
2%
$72
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447