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This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $108k initial cash invested.
-2.39%
Cash On Cash
6.31%
Cap Rate
0.97
DSCR
$3,720
Rent
-$215
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,720 income − $3,935 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$108k
Downpayment
20%
$85,780
Closing costs
1%
$4,289
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,720
Total Expenses
$3,935
Mortgage P&I
62%
$2,323
Property Taxes
5%
$182
Home Insurance
4%
$150
HOA
0%
$15
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409