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This property looks like a bad Mid-Term investment with a projected -7.54% first-year return on $240k initial cash invested.
-7.54%
Cash On Cash
4.84%
Cap Rate
0.78
DSCR
$7,077
Rent
-$1,506
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,077 income − $8,583 expenses = $1,506 out of pocket
Investment Breakdown
|
Purchase Price
$1056k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$211k
Closing costs
1%
$10,556
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,077
Total Expenses
$8,583
Mortgage P&I
77%
$5,477
Property Taxes
4%
$316
Home Insurance
5%
$385
HOA
0%
$0
Property Management
12%
$849
CapEx
4%
$283
Vacancy
3%
$212
Maintenance
4%
$283
Other
11%
$778