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This property looks like a bad Mid-Term investment with a projected -4.29% first-year return on $121k initial cash invested.
-4.29%
Cash On Cash
5.18%
Cap Rate
0.88
DSCR
$3,681
Rent
-$432
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,681 income − $4,113 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,880
Closing costs
1%
$4,894
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,681
Total Expenses
$4,113
Mortgage P&I
65%
$2,397
Property Taxes
8%
$290
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405