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This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $224k initial cash invested.
-11.53%
Cash On Cash
3.68%
Cap Rate
0.61
DSCR
$5,913
Rent
-$2,156
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,913 income − $8,069 expenses = $2,156 out of pocket
Investment Breakdown
|
Purchase Price
$983k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$197k
Closing costs
1%
$9,827
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,913
Total Expenses
$8,069
Mortgage P&I
83%
$4,932
Property Taxes
13%
$777
Home Insurance
6%
$349
HOA
0%
$0
Property Management
12%
$710
CapEx
4%
$237
Vacancy
3%
$177
Maintenance
4%
$237
Other
11%
$650