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This property looks like a bad Mid-Term investment with a projected -1.04% first-year return on $107k initial cash invested.
-1.04%
Cash On Cash
6.21%
Cap Rate
1.03
DSCR
$3,741
Rent
-$93
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,741 income − $3,834 expenses = $93 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,860
Closing costs
1%
$4,243
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,741
Total Expenses
$3,834
Mortgage P&I
57%
$2,137
Property Taxes
7%
$275
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412