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This property looks like a bad Mid-Term investment with a projected -10.87% first-year return on $215k initial cash invested.
-10.87%
Cash On Cash
3.83%
Cap Rate
0.64
DSCR
$6,822
Rent
-$1,948
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,822 income − $8,770 expenses = $1,948 out of pocket
Investment Breakdown
|
Purchase Price
$938k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,380
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,822
Total Expenses
$8,770
Mortgage P&I
68%
$4,665
Property Taxes
21%
$1,459
Home Insurance
5%
$326
HOA
0%
$0
Property Management
12%
$819
CapEx
4%
$273
Vacancy
3%
$205
Maintenance
4%
$273
Other
11%
$750