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This property looks like a bad Mid-Term investment with a projected -11.67% first-year return on $225k initial cash invested.
-11.67%
Cash On Cash
3.78%
Cap Rate
0.62
DSCR
$6,315
Rent
-$2,187
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,315 income − $8,502 expenses = $2,187 out of pocket
Investment Breakdown
|
Purchase Price
$985k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,850
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,315
Total Expenses
$8,502
Mortgage P&I
80%
$5,040
Property Taxes
15%
$969
Home Insurance
5%
$345
HOA
0%
$0
Property Management
12%
$758
CapEx
4%
$253
Vacancy
3%
$189
Maintenance
4%
$253
Other
11%
$695