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This property looks like a bad Mid-Term investment with a projected -6.62% first-year return on $121k initial cash invested.
-6.62%
Cash On Cash
4.62%
Cap Rate
0.78
DSCR
$3,270
Rent
-$667
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,270 income − $3,937 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,270
Total Expenses
$3,937
Mortgage P&I
74%
$2,423
Property Taxes
6%
$201
Home Insurance
6%
$201
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360