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This property looks like a bad Mid-Term investment with a projected -11.65% first-year return on $241k initial cash invested.
-11.65%
Cash On Cash
3.7%
Cap Rate
0.61
DSCR
$6,330
Rent
-$2,336
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,330 income − $8,666 expenses = $2,336 out of pocket
Investment Breakdown
|
Purchase Price
$1060k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$212k
Closing costs
1%
$10,597
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,330
Total Expenses
$8,666
Mortgage P&I
85%
$5,349
Property Taxes
12%
$782
Home Insurance
6%
$383
HOA
0%
$0
Property Management
12%
$760
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$696