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This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $99,627 initial cash invested.
-2.4%
Cash On Cash
5.91%
Cap Rate
0.97
DSCR
$3,416
Rent
-$199
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,416 income − $3,615 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,627
Downpayment
20%
$77,740
Closing costs
1%
$3,887
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,416
Total Expenses
$3,615
Mortgage P&I
58%
$1,976
Property Taxes
9%
$298
Home Insurance
4%
$138
HOA
1%
$41
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$102
Maintenance
4%
$137
Other
11%
$376