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This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $224k initial cash invested.
-8.59%
Cash On Cash
4.37%
Cap Rate
0.73
DSCR
$6,256
Rent
-$1,606
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,256 income − $7,862 expenses = $1,606 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,824
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,256
Total Expenses
$7,862
Mortgage P&I
79%
$4,936
Property Taxes
7%
$453
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$751
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$688