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This property looks like a bad Mid-Term investment with a projected -14.84% first-year return on $224k initial cash invested.
-14.84%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$5,854
Rent
-$2,767
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,854 income − $8,621 expenses = $2,767 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,854
Total Expenses
$8,621
Mortgage P&I
91%
$5,324
Property Taxes
16%
$964
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644