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This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $224k initial cash invested.
-6.17%
Cash On Cash
5.27%
Cap Rate
0.84
DSCR
$8,691
Rent
-$1,149
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,691 income − $9,840 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.8%
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
$8,691
Total Expenses
$9,840
Mortgage P&I
59%
$5,101
Property Taxes
17%
$1,440
Home Insurance
4%
$343
HOA
0%
$0
Property Management
12%
$1,043
CapEx
4%
$348
Vacancy
3%
$261
Maintenance
4%
$348
Other
11%
$956