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This property looks like a bad Mid-Term investment with a projected -9.85% first-year return on $225k initial cash invested.
-9.85%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$6,246
Rent
-$1,850
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,246 income − $8,096 expenses = $1,850 out of pocket
Investment Breakdown
|
Purchase Price
$988k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$198k
Closing costs
1%
$9,879
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,246
Total Expenses
$8,096
Mortgage P&I
88%
$5,468
Property Taxes
3%
$161
Home Insurance
5%
$343
HOA
0%
$0
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$187
Maintenance
4%
$250
Other
11%
$687