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This property looks like a bad Mid-Term investment with a projected -2.23% first-year return on $124k initial cash invested.
-2.23%
Cash On Cash
6.03%
Cap Rate
0.98
DSCR
$4,624
Rent
-$231
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,624 income − $4,855 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$506k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$101k
Closing costs
1%
$5,063
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,624
Total Expenses
$4,855
Mortgage P&I
56%
$2,592
Property Taxes
9%
$438
Home Insurance
4%
$172
HOA
2%
$80
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509