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This property looks like a bad Mid-Term investment with a projected -12.62% first-year return on $215k initial cash invested.
-12.62%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$6,678
Rent
-$2,264
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,678 income − $8,942 expenses = $2,264 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,395
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,678
Total Expenses
$8,942
Mortgage P&I
71%
$4,759
Property Taxes
24%
$1,581
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$801
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735