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This property looks like a bad Mid-Term investment with a projected -2.04% first-year return on $141k initial cash invested.
-2.04%
Cash On Cash
6%
Cap Rate
1
DSCR
$5,816
Rent
-$240
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,816 income − $6,056 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,871
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,816
Total Expenses
$6,056
Mortgage P&I
51%
$2,942
Property Taxes
16%
$930
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$698
CapEx
4%
$233
Vacancy
3%
$174
Maintenance
4%
$233
Other
11%
$640