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This property looks like a bad Mid-Term investment with a projected -13.24% first-year return on $120k initial cash invested.
-13.24%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,866
Rent
-$1,322
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,866 income − $4,188 expenses = $1,322 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,866
Total Expenses
$4,188
Mortgage P&I
90%
$2,586
Property Taxes
16%
$457
Home Insurance
6%
$170
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315