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This property looks like a bad Mid-Term investment with a projected -10.55% first-year return on $226k initial cash invested.
-10.55%
Cash On Cash
3.84%
Cap Rate
0.64
DSCR
$5,506
Rent
-$1,986
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,506 income − $7,492 expenses = $1,986 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,899
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,506
Total Expenses
$7,492
Mortgage P&I
90%
$4,936
Property Taxes
6%
$338
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$661
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$606