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This property looks like a bad Mid-Term investment with a projected -16.02% first-year return on $222k initial cash invested.
-16.02%
Cash On Cash
2.54%
Cap Rate
0.42
DSCR
$4,002
Rent
-$2,966
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,002 income − $6,968 expenses = $2,966 out of pocket
Investment Breakdown
|
Purchase Price
$972k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,722
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,002
Total Expenses
$6,968
Mortgage P&I
121%
$4,862
Property Taxes
6%
$238
Home Insurance
13%
$508
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440