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This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $104k initial cash invested.
-2.9%
Cash On Cash
5.59%
Cap Rate
0.94
DSCR
$3,344
Rent
-$251
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,344 income − $3,595 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,344
Total Expenses
$3,595
Mortgage P&I
60%
$2,021
Property Taxes
9%
$293
Home Insurance
4%
$144
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368