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This property looks like a bad Mid-Term investment with a projected -14.16% first-year return on $224k initial cash invested.
-14.16%
Cash On Cash
3.03%
Cap Rate
0.51
DSCR
$6,614
Rent
-$2,640
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,614 income − $9,254 expenses = $2,640 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,793
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,614
Total Expenses
$9,254
Mortgage P&I
73%
$4,851
Property Taxes
23%
$1,488
Home Insurance
5%
$350
HOA
5%
$315
Property Management
12%
$794
CapEx
4%
$265
Vacancy
3%
$198
Maintenance
4%
$265
Other
11%
$728