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This property looks like a bad Mid-Term investment with a projected -10.59% first-year return on $291k initial cash invested.
-10.59%
Cash On Cash
3.79%
Cap Rate
0.64
DSCR
$6,798
Rent
-$2,564
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,798 income − $9,362 expenses = $2,564 out of pocket
Investment Breakdown
|
Purchase Price
$1298k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,798
Total Expenses
$9,362
Mortgage P&I
94%
$6,389
Property Taxes
3%
$207
Home Insurance
7%
$454
HOA
0%
$0
Property Management
12%
$816
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$748