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This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $103k initial cash invested.
-2.63%
Cash On Cash
5.85%
Cap Rate
0.96
DSCR
$3,614
Rent
-$225
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,614 income − $3,839 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,700
Closing costs
1%
$4,035
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,614
Total Expenses
$3,839
Mortgage P&I
57%
$2,048
Property Taxes
12%
$439
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398