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This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $121k initial cash invested.
-7.53%
Cash On Cash
4.6%
Cap Rate
0.75
DSCR
$3,188
Rent
-$759
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,188 income − $3,947 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$98,000
Closing costs
1%
$4,900
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,188
Total Expenses
$3,947
Mortgage P&I
79%
$2,509
Property Taxes
6%
$180
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351