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This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $119k initial cash invested.
-2.47%
Cash On Cash
5.8%
Cap Rate
0.96
DSCR
$3,994
Rent
-$245
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,994 income − $4,239 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$480k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$96,000
Closing costs
1%
$4,800
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,994
Total Expenses
$4,239
Mortgage P&I
60%
$2,407
Property Taxes
8%
$303
Home Insurance
4%
$171
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439