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This property looks like a bad Mid-Term investment with a projected -5.51% first-year return on $226k initial cash invested.
-5.51%
Cash On Cash
5.13%
Cap Rate
0.85
DSCR
$7,371
Rent
-$1,039
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,371 income − $8,410 expenses = $1,039 out of pocket
Investment Breakdown
|
Purchase Price
$993k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$199k
Closing costs
1%
$9,927
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,371
Total Expenses
$8,410
Mortgage P&I
68%
$4,989
Property Taxes
9%
$669
Home Insurance
3%
$245
HOA
0%
$0
Property Management
12%
$885
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$811