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This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $108k initial cash invested.
-2.88%
Cash On Cash
6.31%
Cap Rate
0.96
DSCR
$4,035
Rent
-$260
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,035 income − $4,295 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,880
Closing costs
1%
$4,294
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,035
Total Expenses
$4,295
Mortgage P&I
58%
$2,357
Property Taxes
10%
$418
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444