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This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $120k initial cash invested.
-2.48%
Cash On Cash
6.46%
Cap Rate
0.98
DSCR
$4,572
Rent
-$249
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,572 income − $4,821 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,580
Closing costs
1%
$4,879
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,572
Total Expenses
$4,821
Mortgage P&I
59%
$2,691
Property Taxes
7%
$328
Home Insurance
4%
$175
HOA
2%
$72
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503