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This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $199k initial cash invested.
-3.58%
Cash On Cash
5.5%
Cap Rate
0.92
DSCR
$6,570
Rent
-$592
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,570 income − $7,162 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,600
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,570
Total Expenses
$7,162
Mortgage P&I
65%
$4,272
Property Taxes
5%
$341
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$788
CapEx
4%
$263
Vacancy
3%
$197
Maintenance
4%
$263
Other
11%
$723