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This property looks like a bad Mid-Term investment with a projected -19.55% first-year return on $121k initial cash invested.
-19.55%
Cash On Cash
1.62%
Cap Rate
0.26
DSCR
$1,497
Rent
-$1,966
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,497 income − $3,463 expenses = $1,966 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,497
Total Expenses
$3,463
Mortgage P&I
171%
$2,566
Property Taxes
14%
$216
Home Insurance
11%
$171
HOA
0%
$0
Property Management
12%
$180
CapEx
4%
$60
Vacancy
3%
$45
Maintenance
4%
$60
Other
11%
$165