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This property looks like a bad Mid-Term investment with a projected -8.94% first-year return on $291k initial cash invested.
-8.94%
Cash On Cash
4.2%
Cap Rate
0.71
DSCR
$8,246
Rent
-$2,169
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,246 income − $10,415 expenses = $2,169 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,246
Total Expenses
$10,415
Mortgage P&I
77%
$6,387
Property Taxes
9%
$769
Home Insurance
6%
$455
HOA
0%
$0
Property Management
12%
$990
CapEx
4%
$330
Vacancy
3%
$247
Maintenance
4%
$330
Other
11%
$907