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This property looks like a bad Mid-Term investment with a projected -9.14% first-year return on $122k initial cash invested.
-9.14%
Cash On Cash
4.13%
Cap Rate
0.68
DSCR
$2,990
Rent
-$931
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,990 income − $3,921 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$497k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$99,300
Closing costs
1%
$4,965
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$3,921
Mortgage P&I
84%
$2,519
Property Taxes
7%
$206
Home Insurance
6%
$178
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329