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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $104k initial cash invested.
-2%
Cash On Cash
5.87%
Cap Rate
0.98
DSCR
$3,408
Rent
-$173
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,408 income − $3,581 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,560
Closing costs
1%
$4,078
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,408
Total Expenses
$3,581
Mortgage P&I
60%
$2,032
Property Taxes
6%
$206
Home Insurance
4%
$147
HOA
1%
$38
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375