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This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $99,438 initial cash invested.
-2.3%
Cash On Cash
6.23%
Cap Rate
0.98
DSCR
$3,786
Rent
-$191
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,786 income − $3,977 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,438
Downpayment
20%
$77,560
Closing costs
1%
$3,878
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,786
Total Expenses
$3,977
Mortgage P&I
54%
$2,053
Property Taxes
13%
$498
Home Insurance
4%
$140
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416