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This property looks like a bad Mid-Term investment with a projected -6% first-year return on $290k initial cash invested.
-6%
Cash On Cash
4.88%
Cap Rate
0.82
DSCR
$8,328
Rent
-$1,449
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,328 income − $9,777 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,328
Total Expenses
$9,777
Mortgage P&I
77%
$6,377
Property Taxes
1%
$116
Home Insurance
5%
$453
HOA
0%
$0
Property Management
12%
$999
CapEx
4%
$333
Vacancy
3%
$250
Maintenance
4%
$333
Other
11%
$916