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This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $141k initial cash invested.
-2.9%
Cash On Cash
5.5%
Cap Rate
0.96
DSCR
$5,457
Rent
-$340
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,457 income − $5,797 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,457
Total Expenses
$5,797
Mortgage P&I
51%
$2,803
Property Taxes
17%
$934
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600