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This property looks like a bad Mid-Term investment with a projected -12.89% first-year return on $117k initial cash invested.
-12.89%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$2,060
Rent
-$1,253
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,060 income − $3,313 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,060
Total Expenses
$3,313
Mortgage P&I
114%
$2,354
Property Taxes
5%
$95
Home Insurance
8%
$164
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$227