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This property looks like a bad Mid-Term investment with a projected -10.86% first-year return on $121k initial cash invested.
-10.86%
Cash On Cash
3.62%
Cap Rate
0.6
DSCR
$2,506
Rent
-$1,092
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,506 income − $3,598 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,780
Closing costs
1%
$4,889
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$3,598
Mortgage P&I
98%
$2,466
Property Taxes
4%
$105
Home Insurance
7%
$175
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276