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This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $121k initial cash invested.
-2.11%
Cash On Cash
6.04%
Cap Rate
0.98
DSCR
$4,120
Rent
-$213
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,120 income − $4,333 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,120
Total Expenses
$4,333
Mortgage P&I
61%
$2,515
Property Taxes
5%
$220
Home Insurance
4%
$172
HOA
1%
$25
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453