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This property looks like a bad Mid-Term investment with a projected -11.97% first-year return on $220k initial cash invested.
-11.97%
Cash On Cash
3.93%
Cap Rate
0.62
DSCR
$6,322
Rent
-$2,191
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,322 income − $8,513 expenses = $2,191 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,600
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,322
Total Expenses
$8,513
Mortgage P&I
80%
$5,083
Property Taxes
15%
$944
Home Insurance
5%
$336
HOA
0%
$0
Property Management
12%
$759
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$695