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This property looks like a bad Mid-Term investment with a projected -13.44% first-year return on $115k initial cash invested.
-13.44%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,440
Rent
-$1,284
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,440 income − $3,724 expenses = $1,284 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,040
Closing costs
1%
$4,602
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,440
Total Expenses
$3,724
Mortgage P&I
96%
$2,337
Property Taxes
15%
$356
Home Insurance
8%
$201
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268