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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $120k initial cash invested.
-2%
Cash On Cash
5.98%
Cap Rate
0.98
DSCR
$4,082
Rent
-$200
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,082 income − $4,282 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$485k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,000
Closing costs
1%
$4,850
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,082
Total Expenses
$4,282
Mortgage P&I
60%
$2,452
Property Taxes
7%
$273
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449