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This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $141k initial cash invested.
-2.4%
Cash On Cash
5.9%
Cap Rate
0.97
DSCR
$4,984
Rent
-$282
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,984 income − $5,266 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,984
Total Expenses
$5,266
Mortgage P&I
59%
$2,961
Property Taxes
8%
$406
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$598
CapEx
4%
$199
Vacancy
3%
$150
Maintenance
4%
$199
Other
11%
$548