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This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $222k initial cash invested.
-12.33%
Cash On Cash
3.54%
Cap Rate
0.59
DSCR
$6,279
Rent
-$2,280
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,279 income − $8,559 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$971k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,706
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,279
Total Expenses
$8,559
Mortgage P&I
78%
$4,891
Property Taxes
19%
$1,193
Home Insurance
5%
$341
HOA
0%
$0
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$691