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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $121k initial cash invested.
-2%
Cash On Cash
6.05%
Cap Rate
0.99
DSCR
$4,276
Rent
-$201
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,276 income − $4,477 expenses = $201 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,800
Closing costs
1%
$4,890
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,276
Total Expenses
$4,477
Mortgage P&I
58%
$2,496
Property Taxes
8%
$326
Home Insurance
4%
$171
HOA
1%
$31
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470