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This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $225k initial cash invested.
-3.68%
Cash On Cash
5.65%
Cap Rate
0.93
DSCR
$8,424
Rent
-$688
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,424 income − $9,112 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,839
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,424
Total Expenses
$9,112
Mortgage P&I
59%
$4,981
Property Taxes
10%
$871
Home Insurance
4%
$348
HOA
1%
$47
Property Management
12%
$1,011
CapEx
4%
$337
Vacancy
3%
$253
Maintenance
4%
$337
Other
11%
$927