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This property looks like a bad Mid-Term investment with a projected -4.29% first-year return on $224k initial cash invested.
-4.29%
Cash On Cash
5.39%
Cap Rate
0.91
DSCR
$8,928
Rent
-$799
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,928 income − $9,727 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,790
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,928
Total Expenses
$9,727
Mortgage P&I
54%
$4,840
Property Taxes
17%
$1,509
Home Insurance
4%
$343
HOA
0%
$0
Property Management
12%
$1,071
CapEx
4%
$357
Vacancy
3%
$268
Maintenance
4%
$357
Other
11%
$982