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This property looks like a bad Mid-Term investment with a projected -4% first-year return on $117k initial cash invested.
-4%
Cash On Cash
5.44%
Cap Rate
0.9
DSCR
$3,528
Rent
-$389
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,528 income − $3,917 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,000
Closing costs
1%
$4,700
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,528
Total Expenses
$3,917
Mortgage P&I
67%
$2,379
Property Taxes
3%
$110
Home Insurance
5%
$164
HOA
2%
$65
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388