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This property looks like a bad Mid-Term investment with a projected -11.36% first-year return on $140k initial cash invested.
-11.36%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$3,062
Rent
-$1,323
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,062 income − $4,385 expenses = $1,323 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$4,385
Mortgage P&I
96%
$2,945
Property Taxes
6%
$197
Home Insurance
7%
$203
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337