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This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $280k initial cash invested.
-2.9%
Cash On Cash
5.87%
Cap Rate
0.96
DSCR
$9,930
Rent
-$675
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,930 income − $10,605 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$1246k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$280k
Downpayment
20%
$249k
Closing costs
1%
$12,464
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,930
Total Expenses
$10,605
Mortgage P&I
64%
$6,375
Property Taxes
4%
$416
Home Insurance
4%
$438
HOA
0%
$0
Property Management
12%
$1,192
CapEx
4%
$397
Vacancy
3%
$298
Maintenance
4%
$397
Other
11%
$1,092