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This property looks like a bad Mid-Term investment with a projected -12.67% first-year return on $224k initial cash invested.
-12.67%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$6,234
Rent
-$2,362
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,234 income − $8,596 expenses = $2,362 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,793
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,234
Total Expenses
$8,596
Mortgage P&I
83%
$5,174
Property Taxes
15%
$961
Home Insurance
5%
$342
HOA
0%
$0
Property Management
12%
$748
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$686