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This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $292k initial cash invested.
-7.03%
Cash On Cash
4.78%
Cap Rate
0.8
DSCR
$9,424
Rent
-$1,710
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$9,424 income − $11,134 expenses = $1,710 out of pocket
Investment Breakdown
|
Purchase Price
$1305k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$261k
Closing costs
1%
$13,050
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,424
Total Expenses
$11,134
Mortgage P&I
69%
$6,532
Property Taxes
10%
$925
Home Insurance
5%
$472
HOA
0%
$0
Property Management
12%
$1,131
CapEx
4%
$377
Vacancy
3%
$283
Maintenance
4%
$377
Other
11%
$1,037