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This property looks like a bad Mid-Term investment with a projected -6.16% first-year return on $198k initial cash invested.
-6.16%
Cash On Cash
5%
Cap Rate
0.82
DSCR
$6,224
Rent
-$1,018
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,224 income − $7,242 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,224
Total Expenses
$7,242
Mortgage P&I
70%
$4,349
Property Taxes
8%
$475
Home Insurance
5%
$301
HOA
0%
$0
Property Management
12%
$747
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685