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This property looks like a bad Mid-Term investment with a projected -5.08% first-year return on $117k initial cash invested.
-5.08%
Cash On Cash
6%
Cap Rate
0.88
DSCR
$4,066
Rent
-$494
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,066 income − $4,560 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,020
Closing costs
1%
$4,701
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,066
Total Expenses
$4,560
Mortgage P&I
66%
$2,683
Property Taxes
8%
$328
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447