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This property looks like a bad Mid-Term investment with a projected -2.21% first-year return on $65,040 initial cash invested.
-2.21%
Cash On Cash
6.44%
Cap Rate
0.97
DSCR
$2,082
Rent
-$120
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,082 income − $2,202 expenses = $120 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,082
Total Expenses
$2,202
Mortgage P&I
60%
$1,239
Property Taxes
8%
$163
Home Insurance
4%
$78
HOA
1%
$15
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$229