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This property looks like a bad Mid-Term investment with a projected -13.41% first-year return on $123k initial cash invested.
-13.41%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$2,800
Rent
-$1,379
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,800 income − $4,179 expenses = $1,379 out of pocket
Investment Breakdown
|
Purchase Price
$502k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$100k
Closing costs
1%
$5,021
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$4,179
Mortgage P&I
90%
$2,533
Property Taxes
18%
$514
Home Insurance
6%
$180
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308