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This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $120k initial cash invested.
-2.87%
Cash On Cash
5.7%
Cap Rate
0.95
DSCR
$3,984
Rent
-$288
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,984 income − $4,272 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,520
Closing costs
1%
$4,876
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,984
Total Expenses
$4,272
Mortgage P&I
61%
$2,445
Property Taxes
7%
$292
Home Insurance
4%
$172
HOA
0%
$9
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$120
Maintenance
4%
$159
Other
11%
$438