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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $102k initial cash invested.
-2%
Cash On Cash
6.23%
Cap Rate
0.98
DSCR
$3,438
Rent
-$170
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,438 income − $3,608 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,960
Closing costs
1%
$3,998
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,438
Total Expenses
$3,608
Mortgage P&I
61%
$2,106
Property Taxes
5%
$180
Home Insurance
4%
$144
HOA
0%
$8
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378