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This property looks like a bad Mid-Term investment with a projected -6.87% first-year return on $218k initial cash invested.
-6.87%
Cash On Cash
4.86%
Cap Rate
0.79
DSCR
$6,142
Rent
-$1,246
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,142 income − $7,388 expenses = $1,246 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,142
Total Expenses
$7,388
Mortgage P&I
79%
$4,849
Property Taxes
2%
$118
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$737
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676