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This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $117k initial cash invested.
-2.91%
Cash On Cash
6.05%
Cap Rate
0.95
DSCR
$3,825
Rent
-$283
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,825 income − $4,108 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$470k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$93,900
Closing costs
1%
$4,695
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,825
Total Expenses
$4,108
Mortgage P&I
65%
$2,496
Property Taxes
4%
$139
Home Insurance
5%
$172
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421