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This property looks like a bad Mid-Term investment with a projected -8.51% first-year return on $223k initial cash invested.
-8.51%
Cash On Cash
4.44%
Cap Rate
0.73
DSCR
$6,996
Rent
-$1,583
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,996 income − $8,579 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$977k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,767
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,996
Total Expenses
$8,579
Mortgage P&I
70%
$4,913
Property Taxes
13%
$898
Home Insurance
5%
$348
HOA
1%
$40
Property Management
12%
$840
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$770