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This property looks like a bad Mid-Term investment with a projected -11.6% first-year return on $249k initial cash invested.
-11.6%
Cash On Cash
3.69%
Cap Rate
0.61
DSCR
$6,210
Rent
-$2,404
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,210 income − $8,614 expenses = $2,404 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,210
Total Expenses
$8,614
Mortgage P&I
89%
$5,539
Property Taxes
4%
$270
Home Insurance
6%
$385
HOA
5%
$310
Property Management
12%
$745
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$683