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This property looks like a bad Mid-Term investment with a projected -12.42% first-year return on $279k initial cash invested.
-12.42%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$7,660
Rent
-$2,885
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,660 income − $10,545 expenses = $2,885 out of pocket
Investment Breakdown
|
Purchase Price
$1242k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$248k
Closing costs
1%
$12,416
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,660
Total Expenses
$10,545
Mortgage P&I
82%
$6,295
Property Taxes
16%
$1,191
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$919
CapEx
4%
$306
Vacancy
3%
$230
Maintenance
4%
$306
Other
11%
$843