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This property looks like a bad Mid-Term investment with a projected -3.54% first-year return on $120k initial cash invested.
-3.54%
Cash On Cash
5.61%
Cap Rate
0.93
DSCR
$4,638
Rent
-$355
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,638 income − $4,993 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,420
Closing costs
1%
$4,871
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,638
Total Expenses
$4,993
Mortgage P&I
53%
$2,448
Property Taxes
17%
$793
Home Insurance
4%
$174
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$510