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This property looks like a bad Mid-Term investment with a projected -2.83% first-year return on $122k initial cash invested.
-2.83%
Cash On Cash
6.03%
Cap Rate
0.95
DSCR
$4,048
Rent
-$287
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,048 income − $4,335 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,048
Total Expenses
$4,335
Mortgage P&I
64%
$2,605
Property Taxes
4%
$179
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445