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This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $218k initial cash invested.
-5.8%
Cash On Cash
4.97%
Cap Rate
0.83
DSCR
$6,783
Rent
-$1,056
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,783 income − $7,839 expenses = $1,056 out of pocket
Investment Breakdown
|
Purchase Price
$954k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$191k
Closing costs
1%
$9,541
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,783
Total Expenses
$7,839
Mortgage P&I
70%
$4,735
Property Taxes
7%
$453
Home Insurance
5%
$346
HOA
0%
$0
Property Management
12%
$814
CapEx
4%
$271
Vacancy
3%
$203
Maintenance
4%
$271
Other
11%
$746