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This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $106k initial cash invested.
-2.6%
Cash On Cash
5.77%
Cap Rate
0.95
DSCR
$3,358
Rent
-$230
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,358 income − $3,588 expenses = $230 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,358
Total Expenses
$3,588
Mortgage P&I
63%
$2,114
Property Taxes
5%
$183
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369