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This property looks like a bad Mid-Term investment with a projected -11.55% first-year return on $226k initial cash invested.
-11.55%
Cash On Cash
3.7%
Cap Rate
0.61
DSCR
$6,100
Rent
-$2,172
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,100 income − $8,272 expenses = $2,172 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,893
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,100
Total Expenses
$8,272
Mortgage P&I
82%
$4,978
Property Taxes
14%
$874
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671