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This property looks like a bad Mid-Term investment with a projected -2.23% first-year return on $69,912 initial cash invested.
-2.23%
Cash On Cash
6.06%
Cap Rate
0.98
DSCR
$2,532
Rent
-$130
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,532 income − $2,662 expenses = $130 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,912
Downpayment
20%
$49,440
Closing costs
1%
$2,472
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,532
Total Expenses
$2,662
Mortgage P&I
50%
$1,277
Property Taxes
17%
$436
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279