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This property looks like a bad Mid-Term investment with a projected -14.75% first-year return on $121k initial cash invested.
-14.75%
Cash On Cash
3.05%
Cap Rate
0.48
DSCR
$2,816
Rent
-$1,482
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,816 income − $4,298 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$489k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$97,700
Closing costs
1%
$4,885
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,816
Total Expenses
$4,298
Mortgage P&I
93%
$2,610
Property Taxes
10%
$281
Home Insurance
6%
$173
HOA
10%
$276
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310