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This property looks like a bad Mid-Term investment with a projected -11.51% first-year return on $237k initial cash invested.
-11.51%
Cash On Cash
3.56%
Cap Rate
0.6
DSCR
$6,032
Rent
-$2,278
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,032 income − $8,310 expenses = $2,278 out of pocket
Investment Breakdown
|
Purchase Price
$1045k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$237k
Downpayment
20%
$209k
Closing costs
1%
$10,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,032
Total Expenses
$8,310
Mortgage P&I
85%
$5,140
Property Taxes
7%
$401
Home Insurance
6%
$366
HOA
6%
$352
Property Management
12%
$724
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$664