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This property looks like a bad Mid-Term investment with a projected -10.26% first-year return on $117k initial cash invested.
-10.26%
Cash On Cash
3.74%
Cap Rate
0.63
DSCR
$3,596
Rent
-$998
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,596 income − $4,594 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,596
Total Expenses
$4,594
Mortgage P&I
64%
$2,319
Property Taxes
24%
$849
Home Insurance
5%
$164
HOA
1%
$38
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396