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This property looks like a bad Mid-Term investment with a projected -0.34% first-year return on $142k initial cash invested.
-0.34%
Cash On Cash
6.44%
Cap Rate
1.07
DSCR
$6,015
Rent
-$40
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,015 income − $6,055 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,882
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,015
Total Expenses
$6,055
Mortgage P&I
49%
$2,958
Property Taxes
14%
$845
Home Insurance
3%
$206
HOA
0%
$0
Property Management
12%
$722
CapEx
4%
$241
Vacancy
3%
$180
Maintenance
4%
$241
Other
11%
$662