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This property looks like a bad Mid-Term investment with a projected -10.08% first-year return on $224k initial cash invested.
-10.08%
Cash On Cash
3.88%
Cap Rate
0.66
DSCR
$6,406
Rent
-$1,878
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,406 income − $8,284 expenses = $1,878 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.2%
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
$6,406
Total Expenses
$8,284
Mortgage P&I
75%
$4,792
Property Taxes
12%
$798
Home Insurance
8%
$516
HOA
0%
$0
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705