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This property looks like a bad Mid-Term investment with a projected -7.74% first-year return on $224k initial cash invested.
-7.74%
Cash On Cash
4.49%
Cap Rate
0.76
DSCR
$6,819
Rent
-$1,443
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,819 income − $8,262 expenses = $1,443 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,793
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,819
Total Expenses
$8,262
Mortgage P&I
71%
$4,834
Property Taxes
12%
$808
Home Insurance
4%
$301
HOA
0%
$0
Property Management
12%
$818
CapEx
4%
$273
Vacancy
3%
$205
Maintenance
4%
$273
Other
11%
$750