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This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $104k initial cash invested.
-5.84%
Cash On Cash
4.9%
Cap Rate
0.81
DSCR
$2,978
Rent
-$505
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,978 income − $3,483 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$3,483
Mortgage P&I
69%
$2,054
Property Taxes
9%
$260
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328