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This property looks like a bad Mid-Term investment with a projected -15.63% first-year return on $228k initial cash invested.
-15.63%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$5,846
Rent
-$2,965
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,846 income − $8,811 expenses = $2,965 out of pocket
Investment Breakdown
|
Purchase Price
$998k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,846
Total Expenses
$8,811
Mortgage P&I
94%
$5,493
Property Taxes
17%
$981
Home Insurance
6%
$349
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$643