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This property looks like a bad Mid-Term investment with a projected -11.22% first-year return on $121k initial cash invested.
-11.22%
Cash On Cash
3.48%
Cap Rate
0.58
DSCR
$2,304
Rent
-$1,128
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,304 income − $3,432 expenses = $1,128 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%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,304
Total Expenses
$3,432
Mortgage P&I
107%
$2,456
Property Taxes
1%
$23
Home Insurance
7%
$171
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253