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This property looks like a bad Mid-Term investment with a projected -4.74% first-year return on $101k initial cash invested.
-4.74%
Cash On Cash
5%
Cap Rate
0.85
DSCR
$2,598
Rent
-$399
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,598 income − $2,997 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,598
Total Expenses
$2,997
Mortgage P&I
75%
$1,941
Property Taxes
1%
$34
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286