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This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $62,940 initial cash invested.
-2.8%
Cash On Cash
6.11%
Cap Rate
0.95
DSCR
$2,265
Rent
-$147
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,265 income − $2,412 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,940
Downpayment
20%
$42,800
Closing costs
1%
$2,140
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,265
Total Expenses
$2,412
Mortgage P&I
51%
$1,145
Property Taxes
19%
$420
Home Insurance
3%
$76
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249