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This property looks like a bad Mid-Term investment with a projected -9.89% first-year return on $246k initial cash invested.
-9.89%
Cash On Cash
3.99%
Cap Rate
0.67
DSCR
$6,123
Rent
-$2,031
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,123 income − $8,154 expenses = $2,031 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$218k
Closing costs
1%
$10,876
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,123
Total Expenses
$8,154
Mortgage P&I
88%
$5,399
Property Taxes
5%
$287
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$735
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$674