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This property looks like a bad Mid-Term investment with a projected -1.6% first-year return on $107k initial cash invested.
-1.6%
Cash On Cash
6.62%
Cap Rate
1.01
DSCR
$3,856
Rent
-$142
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,856 income − $3,998 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,400
Closing costs
1%
$4,220
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,856
Total Expenses
$3,998
Mortgage P&I
60%
$2,315
Property Taxes
5%
$200
Home Insurance
4%
$147
HOA
1%
$25
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424