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This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $215k initial cash invested.
-6.35%
Cash On Cash
4.98%
Cap Rate
0.82
DSCR
$7,000
Rent
-$1,139
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,000 income − $8,139 expenses = $1,139 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,397
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,000
Total Expenses
$8,139
Mortgage P&I
68%
$4,759
Property Taxes
5%
$360
Home Insurance
7%
$472
HOA
2%
$168
Property Management
12%
$840
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$770