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This property looks like a bad Mid-Term investment with a projected -14.04% first-year return on $294k initial cash invested.
-14.04%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$7,557
Rent
-$3,443
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,557 income − $11,000 expenses = $3,443 out of pocket
Investment Breakdown
|
Purchase Price
$1316k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$263k
Closing costs
1%
$13,159
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,557
Total Expenses
$11,000
Mortgage P&I
88%
$6,663
Property Taxes
19%
$1,454
Home Insurance
4%
$314
HOA
0%
$0
Property Management
12%
$907
CapEx
4%
$302
Vacancy
3%
$227
Maintenance
4%
$302
Other
11%
$831