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This property looks like a bad Mid-Term investment with a projected -9.91% first-year return on $240k initial cash invested.
-9.91%
Cash On Cash
4.11%
Cap Rate
0.68
DSCR
$6,387
Rent
-$1,979
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,387 income − $8,366 expenses = $1,979 out of pocket
Investment Breakdown
|
Purchase Price
$1055k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$211k
Closing costs
1%
$10,554
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,387
Total Expenses
$8,366
Mortgage P&I
84%
$5,342
Property Taxes
7%
$471
Home Insurance
6%
$382
HOA
0%
$0
Property Management
12%
$766
CapEx
4%
$255
Vacancy
3%
$192
Maintenance
4%
$255
Other
11%
$703