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This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $66,090 initial cash invested.
-1.65%
Cash On Cash
6.2%
Cap Rate
0.99
DSCR
$2,000
Rent
-$91
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,000 income − $2,091 expenses = $91 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,000
Total Expenses
$2,091
Mortgage P&I
60%
$1,194
Property Taxes
7%
$137
Home Insurance
4%
$80
HOA
0%
$0
Property Management
12%
$240
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$220