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This property looks like a bad Mid-Term investment with a projected -14.69% first-year return on $222k initial cash invested.
-14.69%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$6,080
Rent
-$2,713
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,080 income − $8,793 expenses = $2,713 out of pocket
Investment Breakdown
|
Purchase Price
$969k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,693
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,080
Total Expenses
$8,793
Mortgage P&I
81%
$4,908
Property Taxes
23%
$1,400
Home Insurance
7%
$418
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$669