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This property looks like a bad Mid-Term investment with a projected -9.5% first-year return on $140k initial cash invested.
-9.5%
Cash On Cash
4%
Cap Rate
0.67
DSCR
$3,507
Rent
-$1,106
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,507 income − $4,613 expenses = $1,106 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,797
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,507
Total Expenses
$4,613
Mortgage P&I
83%
$2,897
Property Taxes
8%
$274
Home Insurance
6%
$208
HOA
1%
$42
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386