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This property looks like a bad Mid-Term investment with a projected -2.83% first-year return on $66,090 initial cash invested.
-2.83%
Cash On Cash
6.12%
Cap Rate
0.95
DSCR
$2,472
Rent
-$156
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,472 income − $2,628 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,472
Total Expenses
$2,628
Mortgage P&I
50%
$1,225
Property Taxes
20%
$482
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272