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This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $122k initial cash invested.
-8.5%
Cash On Cash
4.27%
Cap Rate
0.7
DSCR
$2,962
Rent
-$862
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,962 income − $3,824 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,800
Closing costs
1%
$4,940
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,962
Total Expenses
$3,824
Mortgage P&I
84%
$2,501
Property Taxes
5%
$142
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326