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This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $224k initial cash invested.
-5.86%
Cash On Cash
5.06%
Cap Rate
0.83
DSCR
$6,488
Rent
-$1,091
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,488 income − $7,579 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,790
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,488
Total Expenses
$7,579
Mortgage P&I
76%
$4,957
Property Taxes
1%
$71
Home Insurance
5%
$343
HOA
0%
$0
Property Management
12%
$779
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$714