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This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $121k initial cash invested.
-3.28%
Cash On Cash
5.62%
Cap Rate
0.93
DSCR
$3,974
Rent
-$330
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,974 income − $4,304 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,974
Total Expenses
$4,304
Mortgage P&I
62%
$2,463
Property Taxes
8%
$319
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437