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This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $143k initial cash invested.
-2.38%
Cash On Cash
5.93%
Cap Rate
0.97
DSCR
$4,958
Rent
-$283
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,958 income − $5,241 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,934
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,958
Total Expenses
$5,241
Mortgage P&I
61%
$3,015
Property Taxes
6%
$307
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545