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This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $121k initial cash invested.
-6.98%
Cash On Cash
4.66%
Cap Rate
0.77
DSCR
$3,598
Rent
-$701
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,598 income − $4,299 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,700
Closing costs
1%
$4,885
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,598
Total Expenses
$4,299
Mortgage P&I
68%
$2,453
Property Taxes
12%
$448
Home Insurance
5%
$174
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396