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This property looks like a bad Mid-Term investment with a projected -11.61% first-year return on $220k initial cash invested.
-11.61%
Cash On Cash
3.58%
Cap Rate
0.6
DSCR
$5,900
Rent
-$2,123
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,900 income − $8,023 expenses = $2,123 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,596
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,900
Total Expenses
$8,023
Mortgage P&I
81%
$4,751
Property Taxes
16%
$920
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$708
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$649