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This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $106k initial cash invested.
-7.03%
Cash On Cash
4.4%
Cap Rate
0.75
DSCR
$2,620
Rent
-$622
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,620 income − $3,242 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$3,242
Mortgage P&I
79%
$2,057
Property Taxes
6%
$147
Home Insurance
6%
$147
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288