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This property looks like a bad Mid-Term investment with a projected -10.51% first-year return on $226k initial cash invested.
-10.51%
Cash On Cash
3.99%
Cap Rate
0.66
DSCR
$6,162
Rent
-$1,979
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,162 income − $8,141 expenses = $1,979 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,162
Total Expenses
$8,141
Mortgage P&I
82%
$5,028
Property Taxes
11%
$673
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$739
CapEx
4%
$246
Vacancy
3%
$185
Maintenance
4%
$246
Other
11%
$678