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This property looks like a bad Mid-Term investment with a projected -13.95% first-year return on $278k initial cash invested.
-13.95%
Cash On Cash
3.31%
Cap Rate
0.54
DSCR
$6,990
Rent
-$3,235
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,990 income − $10,225 expenses = $3,235 out of pocket
Investment Breakdown
|
Purchase Price
$1240k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,396
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,990
Total Expenses
$10,225
Mortgage P&I
91%
$6,375
Property Taxes
15%
$1,017
Home Insurance
7%
$455
HOA
0%
$0
Property Management
12%
$839
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$769