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This property looks like a bad Mid-Term investment with a projected -12.15% first-year return on $224k initial cash invested.
-12.15%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$4,695
Rent
-$2,265
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,695 income − $6,960 expenses = $2,265 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,799
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,695
Total Expenses
$6,960
Mortgage P&I
106%
$4,976
Property Taxes
0%
$4
Home Insurance
7%
$343
HOA
1%
$41
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516