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This property looks like a bad Mid-Term investment with a projected -11.04% first-year return on $215k initial cash invested.
-11.04%
Cash On Cash
3.71%
Cap Rate
0.62
DSCR
$5,529
Rent
-$1,982
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,529 income − $7,511 expenses = $1,982 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,399
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,529
Total Expenses
$7,511
Mortgage P&I
84%
$4,666
Property Taxes
11%
$630
Home Insurance
6%
$336
HOA
0%
$0
Property Management
12%
$663
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$608