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This property looks like a bad Mid-Term investment with a projected -8.18% first-year return on $120k initial cash invested.
-8.18%
Cash On Cash
4.41%
Cap Rate
0.72
DSCR
$3,150
Rent
-$820
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,150 income − $3,970 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$487k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,360
Closing costs
1%
$4,868
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$3,970
Mortgage P&I
79%
$2,482
Property Taxes
8%
$243
Home Insurance
6%
$175
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346