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This property looks like a bad Mid-Term investment with a projected -2.85% first-year return on $93,432 initial cash invested.
-2.85%
Cash On Cash
5.53%
Cap Rate
0.94
DSCR
$2,938
Rent
-$222
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,938 income − $3,160 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,432
Downpayment
20%
$71,840
Closing costs
1%
$3,592
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,938
Total Expenses
$3,160
Mortgage P&I
60%
$1,760
Property Taxes
3%
$102
Home Insurance
5%
$140
HOA
5%
$158
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323