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This property looks like a bad Mid-Term investment with a projected -9.89% first-year return on $223k initial cash invested.
-9.89%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$6,981
Rent
-$1,842
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,981 income − $8,823 expenses = $1,842 out of pocket
Investment Breakdown
|
Purchase Price
$978k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$196k
Closing costs
1%
$9,782
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,981
Total Expenses
$8,823
Mortgage P&I
76%
$5,291
Property Taxes
12%
$853
Home Insurance
4%
$306
HOA
0%
$0
Property Management
12%
$838
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$768