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This property looks like a bad Mid-Term investment with a projected -14.57% first-year return on $224k initial cash invested.
-14.57%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$5,055
Rent
-$2,714
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,055 income − $7,769 expenses = $2,714 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
$5,055
Total Expenses
$7,769
Mortgage P&I
98%
$4,957
Property Taxes
15%
$750
Home Insurance
7%
$343
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556