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This property looks like a bad Mid-Term investment with a projected -12.34% first-year return on $224k initial cash invested.
-12.34%
Cash On Cash
3.5%
Cap Rate
0.58
DSCR
$5,096
Rent
-$2,300
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,096 income − $7,396 expenses = $2,300 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,790
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,096
Total Expenses
$7,396
Mortgage P&I
97%
$4,949
Property Taxes
7%
$370
Home Insurance
7%
$343
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561