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This property looks like a bad Mid-Term investment with a projected -2.25% first-year return on $65,082 initial cash invested.
-2.25%
Cash On Cash
6.43%
Cap Rate
0.97
DSCR
$2,038
Rent
-$122
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,038 income − $2,160 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,082
Downpayment
20%
$44,840
Closing costs
1%
$2,242
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,038
Total Expenses
$2,160
Mortgage P&I
61%
$1,241
Property Taxes
7%
$146
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$224