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This property looks like a bad Mid-Term investment with a projected -16.4% first-year return on $291k initial cash invested.
-16.4%
Cash On Cash
2.93%
Cap Rate
0.46
DSCR
$6,954
Rent
-$3,974
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,954 income − $10,928 expenses = $3,974 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,954
Total Expenses
$10,928
Mortgage P&I
99%
$6,864
Property Taxes
18%
$1,245
Home Insurance
7%
$455
HOA
0%
$0
Property Management
12%
$834
CapEx
4%
$278
Vacancy
3%
$209
Maintenance
4%
$278
Other
11%
$765