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This property looks like a bad Mid-Term investment with a projected -2.75% first-year return on $64,494 initial cash invested.
-2.75%
Cash On Cash
6.34%
Cap Rate
0.95
DSCR
$2,220
Rent
-$148
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,220 income − $2,368 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$221k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,494
Downpayment
20%
$44,280
Closing costs
1%
$2,214
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,220
Total Expenses
$2,368
Mortgage P&I
55%
$1,228
Property Taxes
14%
$306
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244