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This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $144k initial cash invested.
-2.59%
Cash On Cash
6.25%
Cap Rate
0.97
DSCR
$5,346
Rent
-$310
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,346 income − $5,656 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,346
Total Expenses
$5,656
Mortgage P&I
60%
$3,218
Property Taxes
8%
$410
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588