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This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $222k initial cash invested.
-3.52%
Cash On Cash
5.54%
Cap Rate
0.93
DSCR
$7,790
Rent
-$651
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,790 income − $8,441 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$970k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,702
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,790
Total Expenses
$8,441
Mortgage P&I
62%
$4,819
Property Taxes
8%
$657
Home Insurance
4%
$315
HOA
0%
$0
Property Management
12%
$935
CapEx
4%
$312
Vacancy
3%
$234
Maintenance
4%
$312
Other
11%
$857