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This property looks like a bad Mid-Term investment with a projected -2.21% first-year return on $68,379 initial cash invested.
-2.21%
Cash On Cash
6.4%
Cap Rate
0.98
DSCR
$2,498
Rent
-$126
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,498 income − $2,624 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,498
Total Expenses
$2,624
Mortgage P&I
52%
$1,305
Property Taxes
15%
$385
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275