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This property looks like a bad Mid-Term investment with a projected -14.72% first-year return on $222k initial cash invested.
-14.72%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$5,830
Rent
-$2,723
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,830 income − $8,553 expenses = $2,723 out of pocket
Investment Breakdown
|
Purchase Price
$971k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,711
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,830
Total Expenses
$8,553
Mortgage P&I
85%
$4,931
Property Taxes
21%
$1,199
Home Insurance
8%
$437
HOA
0%
$4
Property Management
12%
$700
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641