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This property looks like a bad Mid-Term investment with a projected -11.51% first-year return on $124k initial cash invested.
-11.51%
Cash On Cash
3.48%
Cap Rate
0.58
DSCR
$3,584
Rent
-$1,192
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,584 income − $4,776 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,059
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,584
Total Expenses
$4,776
Mortgage P&I
70%
$2,516
Property Taxes
23%
$820
Home Insurance
5%
$184
HOA
1%
$38
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394