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This property looks like a bad Mid-Term investment with a projected -10.81% first-year return on $246k initial cash invested.
-10.81%
Cash On Cash
3.79%
Cap Rate
0.64
DSCR
$7,118
Rent
-$2,220
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,118 income − $9,338 expenses = $2,220 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$218k
Closing costs
1%
$10,875
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,118
Total Expenses
$9,338
Mortgage P&I
75%
$5,372
Property Taxes
16%
$1,160
Home Insurance
5%
$385
HOA
0%
$0
Property Management
12%
$854
CapEx
4%
$285
Vacancy
3%
$214
Maintenance
4%
$285
Other
11%
$783