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This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $246k initial cash invested.
-11.93%
Cash On Cash
3.59%
Cap Rate
0.6
DSCR
$6,651
Rent
-$2,450
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,651 income − $9,101 expenses = $2,450 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$218k
Closing costs
1%
$10,879
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,651
Total Expenses
$9,101
Mortgage P&I
82%
$5,442
Property Taxes
15%
$1,012
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$798
CapEx
4%
$266
Vacancy
3%
$200
Maintenance
4%
$266
Other
11%
$732