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This property looks like a bad Mid-Term investment with a projected -11.06% first-year return on $219k initial cash invested.
-11.06%
Cash On Cash
3.73%
Cap Rate
0.62
DSCR
$5,500
Rent
-$2,021
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,500 income − $7,521 expenses = $2,021 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,586
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,500
Total Expenses
$7,521
Mortgage P&I
87%
$4,784
Property Taxes
6%
$316
Home Insurance
6%
$346
HOA
4%
$205
Property Management
12%
$660
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$605