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This property looks like a bad Mid-Term investment with a projected -13.88% first-year return on $141k initial cash invested.
-13.88%
Cash On Cash
2.99%
Cap Rate
0.49
DSCR
$2,704
Rent
-$1,629
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,704 income − $4,333 expenses = $1,629 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,704
Total Expenses
$4,333
Mortgage P&I
110%
$2,981
Property Taxes
8%
$229
Home Insurance
8%
$205
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297