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This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $142k initial cash invested.
-8.63%
Cash On Cash
4.24%
Cap Rate
0.71
DSCR
$3,762
Rent
-$1,019
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,762 income − $4,781 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,762
Total Expenses
$4,781
Mortgage P&I
78%
$2,949
Property Taxes
9%
$348
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414