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This property looks like a bad Mid-Term investment with a projected -9.52% first-year return on $224k initial cash invested.
-9.52%
Cash On Cash
4.48%
Cap Rate
0.71
DSCR
$7,132
Rent
-$1,780
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,132 income − $8,912 expenses = $1,780 out of pocket
Investment Breakdown
|
Purchase Price
$983k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$197k
Closing costs
1%
$9,831
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,132
Total Expenses
$8,912
Mortgage P&I
72%
$5,162
Property Taxes
14%
$975
Home Insurance
5%
$350
HOA
0%
$0
Property Management
12%
$856
CapEx
4%
$285
Vacancy
3%
$214
Maintenance
4%
$285
Other
11%
$785