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This property looks like a bad Mid-Term investment with a projected -14.19% first-year return on $278k initial cash invested.
-14.19%
Cash On Cash
3.39%
Cap Rate
0.54
DSCR
$7,221
Rent
-$3,293
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,221 income − $10,514 expenses = $3,293 out of pocket
Investment Breakdown
|
Purchase Price
$1240k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,404
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,221
Total Expenses
$10,514
Mortgage P&I
90%
$6,505
Property Taxes
15%
$1,112
Home Insurance
6%
$441
HOA
0%
$0
Property Management
12%
$867
CapEx
4%
$289
Vacancy
3%
$217
Maintenance
4%
$289
Other
11%
$794