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This property looks like a bad Mid-Term investment with a projected -14.67% first-year return on $246k initial cash invested.
-14.67%
Cash On Cash
3.08%
Cap Rate
0.5
DSCR
$6,009
Rent
-$3,010
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,009 income − $9,019 expenses = $3,010 out of pocket
Investment Breakdown
|
Purchase Price
$1087k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$217k
Closing costs
1%
$10,868
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,009
Total Expenses
$9,019
Mortgage P&I
93%
$5,561
Property Taxes
17%
$1,022
Home Insurance
7%
$394
HOA
0%
$0
Property Management
12%
$721
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$661