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This property looks like a bad Mid-Term investment with a projected -2.29% first-year return on $121k initial cash invested.
-2.29%
Cash On Cash
6.11%
Cap Rate
0.97
DSCR
$4,000
Rent
-$231
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,000 income − $4,231 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,000
Total Expenses
$4,231
Mortgage P&I
64%
$2,563
Property Taxes
3%
$133
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440