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This property looks like a bad Mid-Term investment with a projected -2.86% first-year return on $164k initial cash invested.
-2.86%
Cash On Cash
5.84%
Cap Rate
0.96
DSCR
$6,102
Rent
-$392
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,102 income − $6,494 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,971
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,102
Total Expenses
$6,494
Mortgage P&I
58%
$3,543
Property Taxes
10%
$627
Home Insurance
4%
$250
HOA
0%
$0
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671