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This property looks like a bad Mid-Term investment with a projected -2.43% first-year return on $107k initial cash invested.
-2.43%
Cash On Cash
5.72%
Cap Rate
0.96
DSCR
$3,566
Rent
-$217
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,566 income − $3,783 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,860
Closing costs
1%
$4,243
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,566
Total Expenses
$3,783
Mortgage P&I
59%
$2,096
Property Taxes
9%
$325
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392