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This property looks like a bad Mid-Term investment with a projected -8.09% first-year return on $216k initial cash invested.
-8.09%
Cash On Cash
4.51%
Cap Rate
0.75
DSCR
$6,172
Rent
-$1,459
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,172 income − $7,631 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$944k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,443
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,172
Total Expenses
$7,631
Mortgage P&I
77%
$4,764
Property Taxes
7%
$436
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$741
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679