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This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $121k initial cash invested.
-2.33%
Cash On Cash
6.17%
Cap Rate
0.99
DSCR
$5,316
Rent
-$235
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,316 income − $5,551 expenses = $235 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
$5,316
Total Expenses
$5,551
Mortgage P&I
48%
$2,540
Property Taxes
20%
$1,063
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$585