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This property looks like a bad Mid-Term investment with a projected -16.15% first-year return on $121k initial cash invested.
-16.15%
Cash On Cash
2.3%
Cap Rate
0.38
DSCR
$2,320
Rent
-$1,627
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,320 income − $3,947 expenses = $1,627 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,960
Closing costs
1%
$4,898
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,320
Total Expenses
$3,947
Mortgage P&I
107%
$2,473
Property Taxes
23%
$527
Home Insurance
7%
$158
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255