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This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $120k initial cash invested.
-3.09%
Cash On Cash
6.22%
Cap Rate
0.95
DSCR
$4,380
Rent
-$310
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,380 income − $4,690 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,380
Total Expenses
$4,690
Mortgage P&I
61%
$2,660
Property Taxes
8%
$369
Home Insurance
4%
$159
HOA
0%
$13
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482