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This property looks like a bad Mid-Term investment with a projected -2.25% first-year return on $141k initial cash invested.
-2.25%
Cash On Cash
6.02%
Cap Rate
0.98
DSCR
$5,360
Rent
-$265
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,360 income − $5,625 expenses = $265 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,872
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,360
Total Expenses
$5,625
Mortgage P&I
56%
$2,996
Property Taxes
11%
$601
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$643
CapEx
4%
$214
Vacancy
3%
$161
Maintenance
4%
$214
Other
11%
$590