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This property looks like a bad Mid-Term investment with a projected -2.72% first-year return on $120k initial cash invested.
-2.72%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$4,035
Rent
-$273
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,035 income − $4,308 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$488k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$97,500
Closing costs
1%
$4,875
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,035
Total Expenses
$4,308
Mortgage P&I
61%
$2,465
Property Taxes
5%
$207
Home Insurance
4%
$174
HOA
2%
$91
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444