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This property looks like a bad Mid-Term investment with a projected -13.07% first-year return on $224k initial cash invested.
-13.07%
Cash On Cash
3.39%
Cap Rate
0.56
DSCR
$6,114
Rent
-$2,442
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,114 income − $8,556 expenses = $2,442 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,822
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,114
Total Expenses
$8,556
Mortgage P&I
81%
$4,972
Property Taxes
18%
$1,102
Home Insurance
7%
$402
HOA
0%
$0
Property Management
12%
$734
CapEx
4%
$245
Vacancy
3%
$183
Maintenance
4%
$245
Other
11%
$673