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This property looks like a bad Mid-Term investment with a projected -17.3% first-year return on $224k initial cash invested.
-17.3%
Cash On Cash
2.4%
Cap Rate
0.39
DSCR
$3,909
Rent
-$3,236
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,909 income − $7,145 expenses = $3,236 out of pocket
Investment Breakdown
|
Purchase Price
$983k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$197k
Closing costs
1%
$9,829
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,909
Total Expenses
$7,145
Mortgage P&I
129%
$5,049
Property Taxes
13%
$506
Home Insurance
7%
$262
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430