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This property looks like a bad Mid-Term investment with a projected -8.35% first-year return on $224k initial cash invested.
-8.35%
Cash On Cash
4.55%
Cap Rate
0.74
DSCR
$6,334
Rent
-$1,560
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,334 income − $7,894 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,815
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,334
Total Expenses
$7,894
Mortgage P&I
79%
$5,028
Property Taxes
6%
$365
Home Insurance
5%
$348
HOA
0%
$0
Property Management
12%
$760
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$697