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This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $222k initial cash invested.
-7.51%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$8,180
Rent
-$1,390
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,180 income − $9,570 expenses = $1,390 out of pocket
Investment Breakdown
|
Purchase Price
$973k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$195k
Closing costs
1%
$9,726
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,180
Total Expenses
$9,570
Mortgage P&I
60%
$4,922
Property Taxes
17%
$1,379
Home Insurance
6%
$488
HOA
0%
$0
Property Management
12%
$982
CapEx
4%
$327
Vacancy
3%
$245
Maintenance
4%
$327
Other
11%
$900