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This property looks like a bad Mid-Term investment with a projected -16.67% first-year return on $224k initial cash invested.
-16.67%
Cash On Cash
2.46%
Cap Rate
0.4
DSCR
$3,858
Rent
-$3,109
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,858 income − $6,967 expenses = $3,109 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,858
Total Expenses
$6,967
Mortgage P&I
129%
$4,961
Property Taxes
9%
$352
Home Insurance
9%
$343
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424