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This property looks like a bad Mid-Term investment with a projected -4.31% first-year return on $117k initial cash invested.
-4.31%
Cash On Cash
5%
Cap Rate
0.87
DSCR
$3,435
Rent
-$419
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,435 income − $3,854 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,960
Closing costs
1%
$4,698
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,435
Total Expenses
$3,854
Mortgage P&I
65%
$2,241
Property Taxes
8%
$283
Home Insurance
5%
$163
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378