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This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $107k initial cash invested.
-2.37%
Cash On Cash
6.03%
Cap Rate
0.98
DSCR
$4,096
Rent
-$211
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,096 income − $4,307 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,096
Total Expenses
$4,307
Mortgage P&I
53%
$2,179
Property Taxes
14%
$582
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451