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This property looks like a bad Mid-Term investment with a projected -9.22% first-year return on $120k initial cash invested.
-9.22%
Cash On Cash
4.37%
Cap Rate
0.69
DSCR
$2,990
Rent
-$921
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,990 income − $3,911 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$3,911
Mortgage P&I
86%
$2,569
Property Taxes
5%
$154
Home Insurance
6%
$170
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329