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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $70,143 initial cash invested.
-2%
Cash On Cash
6.71%
Cap Rate
0.99
DSCR
$2,654
Rent
-$117
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,654 income − $2,771 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,143
Downpayment
20%
$49,660
Closing costs
1%
$2,483
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,654
Total Expenses
$2,771
Mortgage P&I
53%
$1,399
Property Taxes
14%
$378
Home Insurance
3%
$88
HOA
0%
$4
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292