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This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $103k initial cash invested.
-2.3%
Cash On Cash
6.29%
Cap Rate
0.98
DSCR
$3,864
Rent
-$198
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,864 income − $4,062 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,220
Closing costs
1%
$4,061
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,864
Total Expenses
$4,062
Mortgage P&I
56%
$2,170
Property Taxes
11%
$427
Home Insurance
4%
$150
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425