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This property looks like a bad Mid-Term investment with a projected -11.24% first-year return on $224k initial cash invested.
-11.24%
Cash On Cash
3.79%
Cap Rate
0.62
DSCR
$5,050
Rent
-$2,096
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,050 income − $7,146 expenses = $2,096 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,799
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,050
Total Expenses
$7,146
Mortgage P&I
99%
$4,985
Property Taxes
2%
$100
Home Insurance
7%
$343
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556