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This property looks like a bad Mid-Term investment with a projected -6.19% first-year return on $220k initial cash invested.
-6.19%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$8,268
Rent
-$1,137
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,268 income − $9,405 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$964k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$193k
Closing costs
1%
$9,639
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,268
Total Expenses
$9,405
Mortgage P&I
64%
$5,272
Property Taxes
12%
$973
Home Insurance
4%
$349
HOA
0%
$0
Property Management
12%
$992
CapEx
4%
$331
Vacancy
3%
$248
Maintenance
4%
$331
Other
11%
$909