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This property looks like a bad Mid-Term investment with a projected -9.39% first-year return on $220k initial cash invested.
-9.39%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$7,239
Rent
-$1,723
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,239 income − $8,962 expenses = $1,723 out of pocket
Investment Breakdown
|
Purchase Price
$963k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$193k
Closing costs
1%
$9,627
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,239
Total Expenses
$8,962
Mortgage P&I
73%
$5,265
Property Taxes
12%
$887
Home Insurance
5%
$348
HOA
0%
$0
Property Management
12%
$869
CapEx
4%
$290
Vacancy
3%
$217
Maintenance
4%
$290
Other
11%
$796