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This property looks like a bad Mid-Term investment with a projected -8.06% first-year return on $224k initial cash invested.
-8.06%
Cash On Cash
4.46%
Cap Rate
0.74
DSCR
$6,210
Rent
-$1,502
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,210 income − $7,712 expenses = $1,502 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.4%
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
$6,210
Total Expenses
$7,712
Mortgage P&I
79%
$4,891
Property Taxes
6%
$368
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$745
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$683