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This property looks like a bad Mid-Term investment with a projected -17.76% first-year return on $224k initial cash invested.
-17.76%
Cash On Cash
2.46%
Cap Rate
0.39
DSCR
$4,904
Rent
-$3,311
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,904 income − $8,215 expenses = $3,311 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,798
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,904
Total Expenses
$8,215
Mortgage P&I
104%
$5,123
Property Taxes
21%
$1,041
Home Insurance
8%
$385
HOA
0%
$0
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539