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This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $141k initial cash invested.
-2.48%
Cash On Cash
5.88%
Cap Rate
0.97
DSCR
$4,980
Rent
-$291
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,980 income − $5,271 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,851
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,980
Total Expenses
$5,271
Mortgage P&I
59%
$2,959
Property Taxes
8%
$402
Home Insurance
4%
$210
HOA
0%
$7
Property Management
12%
$598
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548