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This property looks like a bad Mid-Term investment with a projected -6.94% first-year return on $115k initial cash invested.
-6.94%
Cash On Cash
4.62%
Cap Rate
0.76
DSCR
$2,883
Rent
-$663
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,883 income − $3,546 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,883
Total Expenses
$3,546
Mortgage P&I
80%
$2,319
Property Taxes
3%
$87
Home Insurance
6%
$161
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317