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This property looks like a bad Mid-Term investment with a projected -12.78% first-year return on $224k initial cash invested.
-12.78%
Cash On Cash
3.38%
Cap Rate
0.56
DSCR
$5,550
Rent
-$2,389
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,550 income − $7,939 expenses = $2,389 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,821
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,550
Total Expenses
$7,939
Mortgage P&I
89%
$4,937
Property Taxes
14%
$766
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610