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This property looks like a bad Mid-Term investment with a projected -10.92% first-year return on $117k initial cash invested.
-10.92%
Cash On Cash
3.6%
Cap Rate
0.6
DSCR
$3,004
Rent
-$1,062
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,004 income − $4,066 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,980
Closing costs
1%
$4,699
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$4,066
Mortgage P&I
78%
$2,352
Property Taxes
12%
$369
Home Insurance
6%
$168
HOA
5%
$157
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330