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This property looks like a bad Mid-Term investment with a projected -10.25% first-year return on $220k initial cash invested.
-10.25%
Cash On Cash
4%
Cap Rate
0.66
DSCR
$5,894
Rent
-$1,880
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,894 income − $7,774 expenses = $1,880 out of pocket
Investment Breakdown
|
Purchase Price
$962k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,621
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,894
Total Expenses
$7,774
Mortgage P&I
82%
$4,849
Property Taxes
10%
$580
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$707
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$648