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This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $120k initial cash invested.
-3.33%
Cash On Cash
5.37%
Cap Rate
0.92
DSCR
$3,920
Rent
-$334
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,920 income − $4,254 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,920
Total Expenses
$4,254
Mortgage P&I
60%
$2,359
Property Taxes
10%
$387
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431